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Russian accession to the WTO

www.worldec.ru

Liberalization of Ukraine sugar market

=> domestic producers lost 11% of inner market

For Finnish pulp&paper industry annual gains of new RF export regulation might equal to 20 mln. euro

Lower import duties on paper and cardboard products (Finnish export to Russia 450 mln. euro) might reduce total costs down to 10 mln. euro enhancing competitiveness of these goods

Russia and WTO

11

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

b)lower prices for goods and services for Russian consumers, wider supply, better quality

c)growth of Russian population living standards

Russia and WTO

12

Russian accession to the WTO

www.worldec.ru

Average monthly wage in RF (USD)

2008

2009

2010

2011

 

 

 

 

608

795

865

1041

 

 

 

 

Russia and WTO

13

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

b)lower prices for goods and services for Russian consumers, wider supply, better quality

c)growth of Russian population living standards

d)better macroeconomic performance

Russia and WTO

14

Russian accession to the WTO

www.worldec.ru

Annual changes in some RF macroeconomic indicators

(%%)

 

2009

2010

2011

2012

2013(e)

2014(e)

 

 

 

 

 

 

 

GDP

-7.8

4.3

4.3

4.5

3.7

3.4

 

 

 

 

(H1)

 

 

 

 

 

 

 

 

 

Import

-30

26

22

3.7

6

6

 

 

 

 

(1-8)

 

15

 

 

 

Russia and WTO

 

Russian accession to the WTO

www.worldec.ru

BOFIT sees Russia’s WTO membership could boost

demand for Finnish export so as to add €200–300

million a year to Finnish GDP in medium term

employment gains of 4,500–6,500 jobs over the non-

accession scenario

Russia and WTO

16

Russian accession to the WTO

www.worldec.ru

New opportunities for foreign businesspeople :

-Additional demand for their products

-More predictable and transparent business environment

-Growth of FDI inflows

Russia and WTO

17

Russian accession to the WTO

www.worldec.ru

New threats for foreign businesspeople :

- growth of unemployment;

Russia and WTO

18

Russian accession to the WTO

www.worldec.ru

Ukraine:

Employment in car manufacturing industry

contracted almost 2-fold during 2008-2010

From 36.2 thousand people down to 18.3

thousand people

Russia and WTO

19

Russian accession to the WTO

www.worldec.ru

New threats for foreign businesspeople :

-Growth of unemployment;

-Access for Russian companies to the WTO safeguards and international dispute settlement mechanism;

Russia and WTO

20

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