Extremely unreasonable for Russia to be excluded from WTO: China
April 14th, 2011 - 4:02 pm ICT by ANISanya (China), Apr 14(ANI): China has expressed strong support for Russia’s accession to the World Trade Organization (WTO) this year.
“It’s extremely unreasonable for Russia to be excluded from the multilateral trading system,” the China Daily quoted Chen Deming, China’s Commerce Minister, as saying.
Deming said it at a joint news conference after the first meeting of economic and trade ministers from Brazil, Russia, India, China and South Africa (the BRICS countries) in Sanya.
Russia, who first applied to join the global trade framework 18 years ago, hopes to finalize accession negotiations by the end of this year.
Russia is also the largest economy outside the 153 WTO members.
Oleg Fomichev, Russia’s Deputy Economic-Development Minister, said that he is confident that negotiations can be completed this year.”We have two issues. The first is the technical issue of upgrading the documents of working groups for Russia’s WTO accession, and the second concerns political questions about agricultural supports. But I think we will be able to solve these problems by the end of the year,” Fomichev said. (ANI)
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