WTO Accession: What's in it for Russia?

23 Pages Posted: 19 Jan 2004

See all articles by Abdur Chowdhury

Abdur Chowdhury

Marquette University - Department of Economics; United Nations - Economic Commission for Europe

Date Written: July 2003

Abstract

Prospects for Russia's membership in the WTO now look better than any point since accession negotiations began almost a decade ago. Good progress with economic and legal reforms within Russia has left the country's economy better prepared for membership. Nevertheless, the economy still suffers from various weaknesses including, but not limited to, pervasive subsidies for different sectors, lack of liberalization and foreign participation especially in the service sector, inefficiency in custom administration, lack of enforcement of intellectual property rights, etc. For all their sensitivity, the negotiations on the import tariff levels and access to the service sectors are the least of the problems. Much more difficult will be non-tariff barriers and the general trade-related legislative framework. Resolving the remaining weaknesses would be a complex process. However, given the importance of WTO related measures for the overall domestic structural reform, any delay in accession would be at least marginally negative for investor perceptions of country risk.

Keywords: Russia, WTO, tariff, reform

JEL Classification: F1, P2

Suggested Citation

Chowdhury, Abdur, WTO Accession: What's in it for Russia? (July 2003). William Davidson Institute Working Paper No. 595. Available at SSRN: https://ssrn.com/abstract=486601 or http://dx.doi.org/10.2139/ssrn.486601

Abdur Chowdhury (Contact Author)

Marquette University - Department of Economics ( email )

P.O. Box 1881
Milwaukee, WI 53201-1881
United States

United Nations - Economic Commission for Europe ( email )

Palais des Nations
Geneva
Switzerland

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