November 11, 2006

US to approve Russia's WTO membership

Washington has cleared the way for Russia to join the World Trade Organisation, ending years of bitter wrangling between the two ex-rivals. Presidents George W Bush and Vladimir Putin are to toast the accord in Moscow next week, marking Russia's arrival as a full member of the global system nearly two decades after the fall of Communism.

Telegraph report. . . here.

This appears to be a positive development for Russia, the US and the world.

The bilateral agreement does not make Russia's membership in the WTO a done deal, but perhaps it will provide an impetus for Russia to resolve lingering differences with neighbors Georgia and Moldova.

Update, Nov. 19: Russia signs key trade deal with U.S.

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