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Russian Lower House May Ratify WTO Accession Packet by July 20

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The Russian government will study its protocol to the World Trade Organization on June 7 and the lower house of parliament, the State Duma, may ratify the country's accession into the WTO by July 20, First Deputy Prime Minister Igor Shuvalov said on Monday.

The Russian government will study its protocol to the World Trade Organization on June 7 and the lower house of parliament, the State Duma, may ratify the country's accession into the WTO by July 20, First Deputy Prime Minister Igor Shuvalov said on Monday.

"2012 is a very important year for us as we will conclude our accession into the WTO, and the days are literally numbered on this," Shuvalov said.

He said that instructions have been received from Prime Minister Dmitry Medvedev to review the protocol in the State Duma on Thursday, in order that accession to the global trade body not be delayed.

"The protocol must be ratified by June 23. We have no right to delay the process. Other countries’ experience show that if we procrastinate it is likely that our previous efforts will end in failure and we will have to coordinate everything again with even worse conditions,” Medvedev said on Monday at a meeting with deputy premier ministers.

The Russian government will consider support measures for domestic producers stemming from Russia's WTO accession on Thursday.

“We must do all we can to defend to the maximum our manufacturers from unscrupulous competition and make maximum use the experience of other countries in creating favorable conditions for our national industries,” Prime Minister Dmitry Medvedev said at a meeting with deputy prime ministers on Monday. “But we have to move forward. This Thursday, the government will look at this question,” he added.

The accession package of the Russian Federation to the WTO was signed on December 16, 2011 at the Eighth Ministerial Conference of the world trade body. The Russian Federation becomes a member 30 days after the WTO is informed that the accession package has been ratified domestically.

 

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