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Author: robert m. stern
Publisher:
ISBN:
Category :
Languages : en
Pages : 36
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Book Description
Author: robert m. stern
Publisher:
ISBN:
Category :
Languages : en
Pages : 36
Get Book Here
Book Description
Author: Robert M. Stern
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
Russia's application for accession to the WTO is currently in its final phases and may be completed by the end of 2003. In this context, this paper provides some background information on Russia's recent policy and structural reforms, the composition and geographic distribution of trade, tariff rates by commodity groups, and other aspects of trade and domestic policies at issue in the accession process. The accession procedure and the current status of the accession process are then discussed. Using a computable general equilibrium (CGE) modeling analysis of China's WTO accession as a prototype, the potential use of CGE modeling of Russian accession is considered as well as Russia's participation in the Doha Development Round and preferential trading arrangements. It is concluded that Russia may realize significant benefits from WTO accession and from the multilateral trade liberalization to be effected in the Doha Round.
Author: Thomas Fox Rutherford
Publisher: World Bank Publications
ISBN:
Category :
Languages : en
Pages : 83
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Book Description
In this paper we develop a computable general equilibrium model of the regions of Russia to assess the impact of accession to the World Trade Organization (WTO) on the regions of Russia. We estimate that the average gain in welfare as a percentage of consumption for the whole country is 7.8 percent (or 4.3 percent of consumption); we estimate that three regions will gain considerably more: Northwest (11.2 percent), St. Petersburg (10.6 percent) and Far East (9.7 percent). We estimate that the Urals will gain only 6.2 percent of consumption, considerably less than the national average. The principal explanation in our central analysis for the differences across regions is the ability of the different regions to benefit from a reduction in barriers against foreign direct investment. The three regions with the largest welfare gains are clearly the regions with the estimated largest shares of multinational investment. But the Urals has attracted relatively little FDI in the service sectors. An additional reason for differences across regions is quantified in our sensitivity analysis: regions may gain more from WTO accession if they can succeed in creating a good investment climate.
Author: P. Naray
Publisher: Springer
ISBN: 0230596185
Category : Political Science
Languages : en
Pages : 206
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Book Description
After an exploration of the experience gained by former central and eastern European countries in the General Agreement on Tariffs and Trade, Peter Naray gives an analysis of the Russian economic and social crisis and comes to the conclusion that this crisis is responsible for the delay of Russia's accession to the World Trade Organization (WTO). The author criticizes the approach taken in Russian reforms because the country's historical legacy (weak legal system, underdeveloped political and economic institutions etc.) was neglected. The book describes the steps made by Russia towards WTO membership underlining the present and expected difficulties. It warns against a fundamentalist approach by the members of the WTO which may result in Russia's isolation in political and economic matters which would represent a danger to the whole world.
Author: Mr.Yaroslav Lissovolik
Publisher: International Monetary Fund
ISBN: 1451857705
Category : Business & Economics
Languages : en
Pages : 44
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Book Description
With China's accession to the WTO in 2001, Russia is by far that organization's most prominent nonmember. This paper applies the gravity model to gauge whether this "outsider" status has been affecting Russia's export structure. On the basis of cross-section and panel regressions for 1995-2002, we find that Russian exports to WTO members have fallen short of the model's predictions. The paper discusses possible explanations of this result, including Russia's exclusion from various WTO procedures, although own-export restrictions could have a similar effect. The model points to Russia's further trade reorientation toward WTO members after a putative accession. Our results also prompt some ideas that may resolve the recent empirical controversy over the WTO's overall role in promoting trade.
Author: Anders Åslund
Publisher: Peterson Institute
ISBN: 9780881326208
Category : Foreign trade regulation
Languages : en
Pages : 103
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Book Description
97 The United States Should Establish Permanent Normal Trade Relations with Russia
Author: Sandra Scharf
Publisher: VDM Publishing
ISBN: 9783865509055
Category : Business & Economics
Languages : en
Pages : 93
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Book Description
Russia's accession negotiations to the WTO have been dragging on for over a decade. An exact entry date has not been set as of the time of this writing. Various challenges remain which leave the largest accession candidate and former communist country as one of the few states outside the world trading system. What are the key challenges that need solving? Is there a linkage to the country's economic past? Do political reasons play a role? The author introduces the topic by giving a comprehensive introduction to the WTO system as well as the formal accession process. Following a detailed analysis of the economic transition process, including the elements of liberalization, privatization, stabilization and institutional building gives an idea of Russia's economic particularities. Based on these findings, the investigation into Russia's current condition in the accession process gives an in-depth view of the country's current economic situation, its trading system and the challenged that need solving before becoming a member of the WTO. The book addresses university students, in particular in the field of economics and international studies, scholars and people interested in the topic of the international trading system.
Author: Richard Connolly
Publisher:
ISBN: 9789282337479
Category : European Union countries
Languages : en
Pages : 41
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Book Description
This report considers Russia{OCLCbr#D0}’s recent accession to the WTO, assessing the implications that accession is likely to have on Russia{OCLCbr#D0}’s domestic economy and on its economic relations with the EU. The first section argues that despite the fact that Russia has experienced a fundamental transformation over the past two decades it faces a number of serious challenges. Overcoming these challenges successfully is likely to require the implementation of a significant economic reform package, with WTO accession representing only a small part of what is required. The second section outlines the most important commitments made by Russia as part of the accession agreement. A third section describes the likely effects on the Russian economy of accession. It is argued that the most important effects will be felt through increased flows of foreign direct investment in business services sectors. However, serious benefits will only accrue to Russia if it improves its investment climate. A fourth section argues that the nature of EU-Russia relations is unlikely to change dramatically unless the Russian economy experiences significant structural transformation. The conclusion suggests that WTO accession should be part of broader economic reform package if it is to result in any serious improvement in Russia{OCLCbr#D0}’s investment climate.
Author: Anderson N. Holm
Publisher: Nova Science Publishers
ISBN: 9781628087925
Category : Investment analysis
Languages : en
Pages : 0
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Book Description
In 1993, Russia formally applied for accession to the General Agreement on Tariffs and Trade(GATT). In 1995, its application was taken up by the World Trade Organization (WTO), the successor organisation of the GATT. Russia is the largest economy not in the WTO; after a number of fits and starts during the 18-year process, the then-153 members of the WTO, on December 16, 2011, invited Russia to join the WTO during the Ministerial Conference in Geneva. On July 10 and July 18, 2012, respectively, the lower house of the Russian parliament -- the State Duma -- and the upper house -- the Federal Council -- approved the protocol of accession. President Putin signed the measure into law on July 21, allowing Russia to formally join the WTO on August 22. The immediate policy issue for Congress was whether to enact legislation authorising the President to grant permanent normal trade relations (PNTR) status for Russia, a status that all WTO members are required to provide each other. Some Members of Congress viewed congressional consideration of PNTR legislation as the opportunity to ensure that the conditions on which Russia is invited to join the WTO reflected U.S. concerns and that Russia fulfil its commitments. This book examines Russian select trade and investment analyses, with a focus on Russia's accession to the WTO; Permanent Normal Trade Relations (PNTR) status for Russia and U.S.-Russian economic ties; recent sales of military equipment and technology to European NATO allies to Russia; and a Russian 2013 investment climate analysis.
Author: Thomas F. Rutherford
Publisher:
ISBN:
Category :
Languages : en
Pages : 83
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Book Description
In this paper we develop a computable general equilibrium model of the regions of Russia to assess the impact of accession to the World Trade Organization (WTO) on the regions of Russia. We estimate that the average gain in welfare as a percentage of consumption for the whole country is 7.8 percent (or 4.3 percent of consumption); we estimate that three regions will gain considerably more: Northwest (11.2 percent), St. Petersburg (10.6 percent) and Far East (9.7 percent). We estimate that the Urals will gain only 6.2 percent of consumption, considerably less than the national average. The principal explanation in our central analysis for the differences across regions is the ability of the different regions to benefit from a reduction in barriers against foreign direct investment. The three regions with the largest welfare gains are clearly the regions with the estimated largest shares of multinational investment. But the Urals has attracted relatively little FDI in the service sectors. An additional reason for differences across regions is quantified in our sensitivity analysis: regions may gain more from WTO accession if they can succeed in creating a good investment climate.
