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Russia will profit from WTO entry – Putin
20.12.2012 16:54 "Agro Perspectiva" (Kyiv) —
Russia will gain more than it will lose from joining the World Trade Organization, President Putin has said during today’s media conference in Moscow, Voice of Russia reports.
Russia has been admitted to the WTO after 17 years of negotiations, he reminded. «Experts have worked through every detail during the admission talks,» Putin stressed.
«Our customs threshold has reached 5.55.7% since the WTO entry,» the president added, comparing it to EU’s 2.8% and Ukraine’s 2.7%, and vowed to increase the customs rate to 15.9% over five years.
He said Russia’s WTO membership created a favourable investment climate in the country and better treatment of Russian exporters by WTO member states in third-country markets.
«There aren’t that many threats,» Mr. Putin assured the timid business community and stressed Russia was provide with a «wide range of mechanism to secure its interests.»
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