Jun 19, 2008

Russian accession !!

About time that Russia has a seat at the table. After all, the Berlin wall decades and decades ago and while at it,  lets not  forgot Russia hold one of the biggest reserves of oil !!

Peter Mandelson, the European Union's trade chief, on Wednesday said that agreement can be reached in 2008 on Russia's accession to the World Trade Organization if issues involving trade in meat and timber are resolved.


"I certainly think we can secure agreement on Russia's accession by the end of the year," Mandelson told Reuters…..


Russia is the still largest economy outside the WTO, and it has been negotiating membership since 1995. Russian officials say they are now very close to clinching a final deal on joining the organization.

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