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LAXintl
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Joined: Wed May 24, 2000 12:12 pm

Russia Finally Joins The WTO

Fri Nov 11, 2011 11:42 pm

18-year in the making, Russia this week agreed on final terms that would clear the way for ascension into the World Trade Organization.

Initial immediate benefits are estimated $4bil in added imports from Europe with lower tariffs and easier exports of oil, gas and steel avoiding quotas.


Story:
http://www.boston.com/news/world/eur...a_poised_to_join_world_trade_body/
From the desert to the sea, to all of Southern California
 
tu204
Posts: 1429
Joined: Wed Mar 08, 2006 12:36 am

RE: Russia Finally Joins The WTO

Sat Nov 12, 2011 8:27 am

Biggest mistake we have made in a while. Makes me think twice about who I will vote for in the upcoming election.
I do not dream about movie stars, they must dream about me for I am real and they are not. - Alexander Popov
 
MD-90
Posts: 7835
Joined: Mon Jan 17, 2000 12:45 pm

RE: Russia Finally Joins The WTO

Sat Nov 12, 2011 8:38 am

Granted, the WTO means managed trade, not free trade, but do you dispute this paragraph of the article?

Quote:
Under the deal, Russians would be able to buy European-made cars and trucks, furniture, clothes and all sorts of consumers goods and industrial machinery at far lower prices than before.
 
tu204
Posts: 1429
Joined: Wed Mar 08, 2006 12:36 am

RE: Russia Finally Joins The WTO

Sat Nov 12, 2011 10:31 am

Its a great way to kill domestic industry though. Although it will make them have to compete or die.
I do not dream about movie stars, they must dream about me for I am real and they are not. - Alexander Popov
 
Tupolev160
Posts: 405
Joined: Mon Oct 17, 2011 10:07 pm

RE: Russia Finally Joins The WTO

Sat Nov 12, 2011 10:29 pm

Horrible. The Russian government should be dismissed after another treason.
"In a time of universal deceit, telling the truth becomes a revolutionary act."
 
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LAXintl
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Joined: Wed May 24, 2000 12:12 pm

RE: Russia Finally Joins The WTO

Sun Nov 13, 2011 1:38 am

Why the opposition?

Is opening up Russia's economy, reducing trade barriers, growing the economy and partnering with other nations not a good thing?

Yes for those old Soviet industries that are not competitive this would be long overdue kick in their pants to either compete or die as previous poster mentioned. Don't think it benefits Russia, or its consumers to prop up inefficient weak enterprises or industries.
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