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e WTO. As a result Russia can use constantly decreasing tariffs, in order to expand to the foreign markets. The domestic production won't be under discrimination measures. Russia can protect the commercial laws from wrongful actions of other countries under the aegis of procedure of dispute resolutions of the WTO. According to the Ministry of Foreign Economic Relations, Russia is on the second place in the world after China in terms of discrimination.

The introduction into the World Trade Organization will help to develop the mechanism of the admission of the foreign capital to the Russian financial sector of. The role of a stimulating and improving international competition for the Russian manufacturer will be raised. WTO membership will allow receiving customs privileges, will facilitate access to credits, will involve investors, reception of high technologies.

On the other hand, having entered the World Trade Organization, Russia substantially should liberalize, first, the foreign trade model, realizing principles of free trade with WTO member countries. It can negatively affect its own manufacture, undermining it and so low competitiveness. Russia becomes even more dependent on the import foodstuffs. Even between industrially developed countries there are contradictions concerning mutual deliveries of agricultural production. Without increase of import duties will force out import from the Russian food market very difficult.

Accession to WTO can lead to death of enough competitive iron and steel industry of Russia owing to decrease. The flow of cheap import will lead to closing of some manufactures and to unemployment increase.

I have analyzed key benefits and disadvantages of the Russian accession to the WTO in this assignment and from my point of view, Russia, as an important player in many world trade markets and strongly enough depend on world conjuncture can't stand aside from the WTO. Russian must in the WTO to promote global economic development and wealth.

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