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Friday, September 21, 2007

Russia signs accord with Cambodia on WTO admission


Russia signs accord with Cambodia on WTO admission

PARIS (AFP) — Russia on Friday signed an agreement with Cambodia on Moscow's future membership of the World Trade Organisation, Russia's economic development and trade ministry said in a statement.

The ministry did not give details of the accord, which it said was signed by top officials from the two countries.

Russia, which has struggled for over a decade to join the 150-nation world trade body, is hoping to wrap up its membership negotiations this year. It is the only main world economy not to have joined the world trade watchdog.

However deputy Prime Minister Alexander Jukov cast doubt on whether Russia would meet its goal when addressing an economic forum in Sochi on Friday.

"I think that we will not enter the WTO before the end of 2007," he said.

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