Russian Head of General Staff Gerasimov hands award weapon to Syrian generalMilitary & Defense August 19, 9:10
German politician says Crimea should to be recognized as part of RussiaWorld August 19, 6:22
Russian Emergencies Ministry carries out over 430 humanitarian missions abroad since 1993Society & Culture August 19, 6:18
Olympic diving champion Zakharov to carry Russia’s flag at opening ceremony of UniversiadeSport August 19, 4:11
New defense attorney to be appointed in former Ukrainian president’s high treason caseWorld August 19, 4:04
Mayor says Izmir International Fair homage to memory of late Russian ambassadorWorld August 19, 3:59
Putin, Medvedev emphasize need to restore cultural facilities in CrimeaSociety & Culture August 19, 3:43
El Pais: all four suspects in Barcelona terror attack shot deadWorld August 19, 3:36
Foreign Ministry speaker Zakharova very passionate about her dollhouseRussian Politics & Diplomacy August 18, 23:01
DVORIKI VILLAGE, August 2. /TASS/. The World Trade Organization (WTO) is not ideal but there is no global alternative to it, Russia’s Prime Minister Dmitry Medvedev said on Tuesday at the youth forum.
"There is no alternative to the World Trade Organization for the time being. This is not because it is an ideal organization determining fundamentals of the global trade and doing all that fairly properly. This is simply because nothing exists except the WTO," the PM said. Russia followed exactly such considerations when presenting the WTO application," Medvedev added.
Membership in the WTO provides opportunities but also creates certain problems, Medvedev said. It provides Russia with a possibility to demand compliance with WTO rules and apply to court in case Russian interests are violated, he said. "The affair of the state is to maximize protection of national business with use of WTO procedures," he added.
The premier said the creation of individual trans-border partnerships as an alternative to the WTO may drive the global trade 50-70 years back.
"There is an attempt against the WTO. You know that trans-border partnerships created are essentially an alternative to the WTO," Medvedev said. "However, our position is that we should not fragment the global economy’s regulation field, because it will turn out in this case that we will be driven back to the situation of 50-70 years back, he added.
This will result in individual agreements between countries not taken into consideration by other nations, leading to disruption of the global trade, Medvedev said.
Such partnerships shall be created publicly and on the basis of main principles of the WTO, he said. "Only in such case new projects have a moral right to existence from our point of view," Medvedev added.