Russia Looks Set To Finally Join World Trade organisation


Photo: AP

It looks like Russia‘s 18 year long quest to join the WTO may finally be over.The Guardian reports that Georgia has dropped its opposition to Russia’s membership after Swiss-brokered talks.

According to the WTO there will be a formal Working Party meeting 7-8 November to discuss Russia’s ascension to the group.

The issue of membership of the organisation had long been a source of embarrassment for Russia, the largest economy not included in the 153-member trade group.

Membership could help Russia grow its annual gross domestic product 11% in the long term, reports The New York Times.

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