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Russia concludes WTO talks with Egypt

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CAIRO, December 28 (RIA Novosti, Igor Kuznetsov) - Russia and Egypt signed a package of documents crowning bilateral talks on Russia's accession to the World Trade Organization, a senior Russian diplomat said Wednesday.

"Russia's joining the WTO does not infringe on Egyptian exporters, keeping the terms for the access of Egyptian goods to the Russian market unchanged," Maxim Medvedkov, head of the Russian delegation to the WTO talks and director of the trade negotiations department of the Ministry of Economic Development and Trade, told a news conference in Cairo.

According to Medvedkov, Egypt is a member of the working group at the negotiations for Russia's WTO accession in Geneva and the sides coordinated key principles of further cooperation on this issue.

He also said Russian-Egyptian trade hit $850 million in January-October 2005, a 1.5-fold increase year-on-year.

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