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OECD: Russian regions not adapted to WTO accession

January 15, 2014, 13:09 UTC+3 MOSCOW
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MOSCOW, January 15. /ITAR-TASS/. Most Russian regions have not adapted to the country’s accession to the World Trade Organisation (WTO), say economists of the Organisation for Economic Co-operation and Development (OECD) in a report on the state of the Russian economy. The document’s presentation was held within the framework of the Gaidar Forum.

“The monitoring of the regions’ compliance is not conducted at the federal level, and the majority of the RF subjects have no mechanisms of management that would be regulating economic activity in accordance with the WTO requirements,” the report says.

OECD experts say it is necessary to use all the administrative capacity to organise the monitoring of the RF regions’ compliance with the WTO requirements. “This will sooner give a positive effect from Russia’s entry to the WTO,” OECD economists say, advising Russia to send a permanent delegation to the WTO.

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