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| Author | : Thomas Fox Rutherford |
| Publisher | : World Bank Publications |
| Total Pages | : 83 |
| Release | : |
| Genre | : |
| ISBN | : |
Download Regional Impacts of Russia's Accession to the World Trade Organization Book in PDF, ePub and Kindle
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 | : Thomas Fox Rutherford |
| Publisher | : World Bank Publications |
| Total Pages | : 88 |
| Release | : 2006 |
| Genre | : Russia (Federation) |
| ISBN | : |
Download Regional Impacts of Russia's Accession to the World Trade Organization Book in PDF, ePub and Kindle
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 | : Anastasia Loginova |
| Publisher | : Routledge |
| Total Pages | : 187 |
| Release | : 2017-08-10 |
| Genre | : Political Science |
| ISBN | : 1317097890 |
Download The Impact of WTO Membership Book in PDF, ePub and Kindle
What lessons can be learnt from the accession to the World Trade Organization (WTO) of Russia, China, and Ukraine? Were there any peculiarities in the adaptation of their economies to the rules and norms of the organisation, and what impact did it have on the world trade system? This detailed, systematic, and comparative analysis of the social and economic impact of the accession of these countries to the WTO addresses these questions, presenting an economic and legal analysis of the reasons and consequences of their joining the WTO. Comparative legal and economic methods are used to explore the social and economic causes and consequences of membership for post-communist states and to suggest ways in which new members can adapt to WTO standards. This work will be of interest to experts and students in the fields of economics, jurisprudence, and customs affairs.
| Author | : R. G. Gidadhubli |
| Publisher | : |
| Total Pages | : 0 |
| Release | : 2011 |
| Genre | : |
| ISBN | : |
Download Russia's Accession to World Trade Organization Book in PDF, ePub and Kindle
Seventeen years have passed and Russia is still waiting for its accession to World Trade Organization (WTO). Hence, the feeling of frustration was evident for the Russian President Dmitry Medvedev even as, in October 2010, the US President Barack Obama extended his strong support for expediting Russia's accession to WTO. The inordinate delay in Russia's accession has been due to various objective and subjective factors. In the 1990s, after the Soviet disintegration, under the presidency of Boris Yeltsin, there were many domestic constraints as Russia was passing through tremendous political and economic problems of transition. Since 2000, during the first term of President Vladimir Putin, Russia did make a serious beginning for complying with various formalities for accession. But the process of accession was hindered partly due to certain economic and political policies undertaken by Putin during his second term covering 2004 to mid-2008. Russia faced objections for its admission to WTO by some of the former Soviet Republics such as Georgia, Estonia and Moldova. Moreover, certain trade restrictive policies in Russia, including enhanced export duties and import restrictions, antagonized European Union (EU) and the US which had been otherwise supportive to Russia's accession. Russia-US relations, known for their historic complexities, also contributed for the delay. This was evident from the fact that even at the end of 2006, Russia was not able to complete its bilateral protocol with 5 out of 153 countries including the US. Since 2009, under the presidency of Dmitry Medvedev, Russia has taken consistent policy measures and made significant progress in completing the formalities for accession. To implement policy measures, steps have been taken by the concerned ministries of the government of Russia with the concerned organizations. Russia has conceded to take policy measures to overcome objections on the issues relating to agricultural subsidy, Customs Union (CU) and hopes to resolve the remaining constraints within a few months with support from Russia's major partners including Germany and the US. Thus, there are high hopes that Russia has entered the final act for accession to WTO.
| Author | : David Tarr |
| Publisher | : World Bank Publications |
| Total Pages | : 29 |
| Release | : 2005 |
| Genre | : Russia (Federation) |
| ISBN | : |
Download Introduction and Summary to the Handbook of Trade Policy and WTO Accession for Development in Russia and the CIS Book in PDF, ePub and Kindle
"This paper is the introduction and summary chapter of the 43 chapter volume entitled Handbook of Trade Policy and WTO Accession for Development in Russia and the CIS. The key policy conclusions of each of the chapters are highlighted in this paper. The Handbook will be published only in Russian in 2005, but an English language version of the majority of the papers described here is available on the website www.worldbank.org/trade/russia-wto. This paper first explains the potential importance of World Trade Organization (WTO) accession as a development tool, and discusses the recent successful development models and the role of trade policy in their development. The paper then summarizes the three parts of the Handbook. The first part treats trade policy (with applications to Russia and the Commonwealth of Independent States [CIS]). The second part treats World Trade Organization institutions and disciplines, again with Russia and CIS applications. And the third part focuses on various aspects of the impact of WTO accession on Russia. The numerous papers that relate trade policy and WTO accession to experience in Russia and the CIS are likely to be of special interest to native English speakers, since these papers are new to the literature. The papers in the Handbook are intended to be non-technical materials accessible to a wide policy audience. The Handbook forms the basis of a World Bank Institute course on trade policy and WTO accession, which has been delivered and will be delivered again on multiple occasions. "--World Bank web site.
| Author | : P. Naray |
| Publisher | : Springer |
| Total Pages | : 206 |
| Release | : 2001-01-11 |
| Genre | : Political Science |
| ISBN | : 0230596185 |
Download Russia and the World Trade Organization Book in PDF, ePub and Kindle
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 | : Harry G. Broadman |
| Publisher | : World Bank Publications |
| Total Pages | : 102 |
| Release | : 1998-01-01 |
| Genre | : Business & Economics |
| ISBN | : 9780821344064 |
Download Russian Trade Policy Reform for WTO Accession Book in PDF, ePub and Kindle
Russia has manifested considerable interest in accession to the World Trade Organization (WTO). This volume contains four policy papers that focus on the most prominent topics during the ongoing WTO accession process: 1. the dispersion of Russia's tariff structure; 2. trade and investment in the service sectors; 3. the treatment of state trading enterprises; and 4. the policy regime governing foreign direct investment. Bringing the Russian Federation into the rules-based WTO system is an objective broadly shared by the world community. Accession to the WTO comes at a critical juncture for the Russian government to focus on many important policy issues to stimulate growth. As part of the process of making liberalization commitments, as required by the existing members of the WTO, accession provides an opportunity to lock in reforms.
| Author | : Thomas F. Rutherford |
| Publisher | : |
| Total Pages | : 83 |
| Release | : 2016 |
| Genre | : |
| ISBN | : |
Download Regional Impacts of Russia's Accession to the World Trade Organization Book in PDF, ePub and Kindle
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 | : David Tarr |
| Publisher | : World Bank Publications |
| Total Pages | : 20 |
| Release | : 2007 |
| Genre | : Accession Negotiations |
| ISBN | : |
Download Russian Wto Accession: what Has Been Accomplished, what Can be Expected Book in PDF, ePub and Kindle
Abstract: This paper summarizes the principal reform commitments that Russia has undertaken as part of its World Trade Organization (WTO) accession negotiations, providing detailed assessments in banking, insurance, and agriculture. The paper assesses the gains to the Russian economy from these commitments, based on a summary of several modeling efforts undertaken by the author and his colleagues. The author compares Russian commitments with those of other countries that have recently acceded to the WTO to assess the claim that the demands on Russia are excessive due to political considerations. He explains why Russian WTO accession will result in the elimination of the Jackson-Vanik Amendment against Russia. Finally, he discusses the remaining issues in the negotiations and the time frame for Russian accession as of the fall of 2007.
| Author | : William H Cooper |
| Publisher | : BiblioGov |
| Total Pages | : 26 |
| Release | : 2013-11-11 |
| Genre | : |
| ISBN | : 9781295272617 |
Download Crs Report for Congress Book in PDF, ePub and Kindle
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 organization 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. The Russian parliament must approve the conditions for accession by July 23, 2012, to complete the accession process. Russia would formally become a member 30 days later. The parliament is expected to take up the measure beginning on July 4.
