Russia More Than 90% There To Joining WTO - by Sharon Li
Russia is more than 90% on the way to joining the World Trade Organization, the European Union's trade chief said in a statement Friday. The E.U. and Russia held talks in Nice, France, this week. The E.U. has refused to support Russia joining the WTO until Russia removes export duties it has imposed on timber shipments. The duties are hurting E.U. paper companies in Finland and the Baltic region. Russian Prime Minister Vladimir Putin agreed this week to delay planned increases in the tariffs while negotiations continue.
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