stage of sustainable economic growth. But, speaking for or against the accession of Russia to the WTO, you must have a clear idea, whether or not you will have the positive balance between benefits and obligations of such membership.
World Trade Organization members are already 153 (3) countries of the world and in the coming years this number will increase. This means that virtually every state that want to create a modern, efficient economy and equal participation in world trade, aims to become a WTO member. Russia, in this sense is not an exception.
The most important reason, that prompted Russia to accede to the WTO, is its desire to become, finally, an equal trading partner in the global market. That, incredibly complicated and cumbersome system of bilateral agreements, which was created by the Soviet Union, is not always able to protect the economic interests of Russia in the current context of increased internationalization of economic ties and interdependence of national economies.
It is well-known, that participation in the WTO gives its member a lot of advantages. Receipt of these advantages is the main goal of accession to the WTO in the pragmatic sense. The specific goals for Russia within WTO are the following:
Getting the best in comparison with existing and non-discriminatory conditions for access of Russian products and services to foreign markets;
Access to an international mechanism for resolving trade disputes;
Creating a more favourable climate for foreign investment as a result of bringing the legal in accordance with WTO regulations;
Increasing of opportunities for Russian investors in the WTO member-countries, particularly, in the banking sector;
Creating conditions for improving the quality and competitiveness of domestic products as a result of the increased flow of foreign goods, services and investments to the Russian market;
Participation in the development of international trade rules in accordance with national interests;
Improving of the image of Russia in the world as a full participant in international trade.
However, taking into account these goals, our government should not forget that Russia's WTO accession will be a first step to an active development of the domestic market by foreign companies. Many multinationals will come to the Russian market and enhance competition in all sectors of the economy, which will significantly increase marketing spending to maintain market position. In this regard, there will be a significant fall in profitability of domestic enterprises and obviously this fall will reduce their competitiveness. This applies particularly to food, pharmaceutical, chemical, automobile and aircraft manufacturing, consumer goods and electronics industry, insurance sector, financial services, small and medium businesses. We have many multinationals in Russia now, but the rules of the 'game' will be different and it will be difficult to support these sectors of economy after accession to the WTO.
Experience of the Baltic and Eastern European (4) countries showed that the confluence of national and international markets is a loss of national control over whole sectors of the economy. A similar threat exists for Russia from WTO accession. Primarily it will affect on the agricultural sector. As we know the level of s
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