09/11/2011 19:11
Russia to join the WTO
Russia signed a Swiss-brokered deal with Georgia on Wednesday that removes the last big obstacle to Russia joining the World Trade Organisation after 18 years of negotiations.
Russia's accession will be the biggest step in world trade liberalisation since China joined the WTO a decade ago, sealing Moscow's integration into the world economy two decades after the collapse of the Soviet Union, the Reuters reports.
The breakthrough after three years of stalemate with Georgia came at the last possible moment, one day before the WTO meets to finalise overall terms for Russia's entry, the source reports.