Sutyrin lopullinen julkaistava
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The impact of Russia’s WTO and the Eurasian Economic Union membership on the Baltic Sea region
Sergei F. Sutyrin
Professor, the WTO chair-holder,
World Economy Department Head
St.Petersburg State University
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Some relevant recent publications
www.worldec.ru
Moderating Risks, Bolstering Growth WB Russian Economic Report 27 April 2012
Sergei Sutyrin Russian way to the World Trade Organization (WTO): why did it take so long? //Baltic Rim Economies. Bimonthly Review. ISSUE NO. 2, 2012
Russia’s Accession to the WTO: Major Commitments, Possible Implications. Ed. by Sergei Sutyrin Geneva. 2012 http://www.intracen.org/Preparing-Russias- businesses-for-WTO-challenges/
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CIS, EurAsEC, CU RBK,
Russia-Belarus Union State, GUAM
Russia and EurAsEC
www.worldec.ru
Whether promotion of post-Soviet reintegration is a bad or a good news for BSR?
The answer depends upon:
-perception of international economic cooperation (win-win vs. zero-sum game);
-focus of PTAs (intra-regionalism/self- sufficiency vs. inter-regionalism)
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Russia and EurAsEC
www.worldec.ru
WTO – global trade liberalization PTAs – regional trade liberalization
WTO and PTAs: alternatives or complementarities?
New CIS FTA, Customs Union RBK, EurAsEC, Single Economic Space, future Eurasian Union are largely in line with the WTO rules
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Russian accession to the WTO
www.worldec.ru
On August 22, 2012 after 18 years of negotiations Russia became the156th member of the World Trade Organization
The process of negotiations looked at some of its stages as close to hopeless as well as almost endless
Russia and WTO |
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Russian accession to the WTO
www.worldec.ru
Some RF basic commitments:
On average, the final binding tariff will be 7.8% (in 2011 - 10% for all products)
For agriculture products -10.8%, (current average -13.2%)
For manufactured goods - 7.3% (current average 9.5%)
Russia and WTO |
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Russian accession to the WTO
www.worldec.ru
Some RF basic commitments (cont.1):
The final bound rate will be implemented on the date of accession for more than one third of national tariff lines
with another quarter of the tariff cuts to be put in place three years later.
The longest implementation period is 8 years for pork, followed by 7 years for motor cars, helicopters and civil aircraft.
Russia and WTO |
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Russian accession to the WTO
www.worldec.ru
Some RF basic commitments (cont.2):
AMS would not exceed USD 9 billion in 2012 Gradual reduction to USD 4.4 billion by 2018.
RF has made specific commitments on 11 services sectors and on 116 sub-sectors.
RF intends to join the GPA and would notify this at the time of accession. RF would initiate negotiations for membership within four years of its accession.
Russia and WTO |
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Russian accession to the WTO
www.worldec.ru
New opportunities for foreign businesspeople:
- Additional demand for their products resulting
from
a) reduction of trade barriers
Russia and WTO |
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