GENEVA — Russia has cleared the final hurdle to become a World Trade Organization member. WTO Ministers adopted Russia’s WTO terms of entry on Dec. 16 at the 8th Ministerial Conference in Geneva. Russia has to ratify the deal within 220 days and would become a fully-fledged WTO member 30 days after it notifies the ratification to the WTO.
Trade Ministers welcomed Russia as a new member to the organization and called this accession a historic achievement. According to WTO Ministers, Russia’s accession to the WTO will strengthen the multilateral trading system, making the WTO a more universal. . .
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