Russia Moves Closer to WTO Membership With EU Deal
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Russia moved a step closer to membership in the World Trade Organization today by signing an agreement with the European Union settling “key questions” that have hampered its accession bid for years.
Russian Economy Minister Elvira Nabiullina and EU Trade Commissioner Karel De Gucht signed a memorandum of understanding that sets the terms to resolve all EU-Russia bilateral issues. Russia, the largest economy outside the WTO, applied for membership in the Geneva-based trade arbiter in June 1993.