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Russia has time to prepare for WTO accession - expert

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Russia will have time to prepare for its accession to the World Trade Organization (WTO) as it moves gradually to join the world trade club and realistically assesses its prospects, a presidential expert said Sunday.
MOSCOW, February 25 (RIA Novosti) - Russia will have time to prepare for its accession to the World Trade Organization (WTO) as it moves gradually to join the world trade club and realistically assesses its prospects, a presidential expert said Sunday.

The Economic Development and Trade Ministry expects to complete multilateral talks on the country's admission to the WTO by the middle of 2007.

"Today we look absolutely calmly at the prospect of joining the WTO. We realize what we'll lose, for example, from the viewpoint of budget revenues, when we cut import duties a little. We'll reduce them a little because we want our companies to adapt to tougher competition," Arkady Dvorkovich, head of the presidential expert department, told Vesti-24 TV channel.

According to Dvorkovich, today it is necessary to prepare personnel who will provide guidance in new conditions.

"No doubt, we understand that in the next few months we need to prepare qualified personnel to help the government and our companies to work in conditions that follow from the rules of the World Trade Organization," Dvorkovich said.

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