Russian WTO Accession : What Has Been Accomplished, What Can Be Expected

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 ga...

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Bibliographic Details
Main Author:	Tarr, David
Format:	Policy Research Working Paper
Language:	English
Published:	World Bank, Washington, DC 2012
Subjects:	ACCESSION COMMITMENTS ACCESSION NEGOTIATIONS ACCESSION PROCESS ACCESSION TO THE WORLD TRADE ORGANIZATION ADJUSTMENT ASSISTANCE AGGREGATE EXPORTS AGGREGATE TRADE AGRICULTURAL MARKET ACCESS AGRICULTURAL PRODUCTS AGRICULTURAL SECTOR AGRICULTURAL SUBSIDIES AGRICULTURAL SUPPORT AGRICULTURE ANTIDUMPING ANTIDUMPING CASES ARBITRATION ASSET MANAGEMENT AVERAGE TARIFF AVERAGE TARIFFS BANK POLICY BANKING REGULATION BANKING SERVICES BENCHMARK BILATERAL AGREEMENT BILATERAL AGREEMENTS BRANCH BANKING CAPITAL GOODS CENTRAL BANK COMPARATIVE ECONOMICS CONFLICTS OF INTEREST CONSUMERS CREDIT CARDS CROP INSURANCE CROSS BORDER PROVISION CUSTOMS ADMINISTRATION CUSTOMS UNIONS DEPOSITORS DEVELOPING COUNTRIES DEVELOPMENT ECONOMICS DIRECT PAYMENTS DISPUTE SETTLEMENT DISPUTE SETTLEMENT PROCEDURES ECONOMIC DEVELOPMENT ECONOMIC LAW EQUIPMENT EXPENDITURES EXPORT MARKETS EXPORT PRICE EXPORT TAXES EXPORTERS EXPORTS FINANCIAL INSTITUTIONS FINANCIAL SERVICES FORECASTS FOREIGN BANKS FOREIGN CAPITAL FOREIGN COMPANIES FOREIGN DIRECT INVESTMENT FOREIGN INVESTMENT FOREIGN INVESTOR FOREIGN INVESTORS FOREIGN OWNERSHIP FOREIGN OWNERSHIP OF BANKS FREE RIDER FREE RIDER PROBLEM GDP GOVERNMENT BUDGET HIGH TARIFFS HOST COUNTRY IMPORT TARIFFS INCOME INSURANCE INSURANCE COMPANIES INSURANCE FIRMS INSURANCE INDUSTRY INSURANCE MARKET INSURANCE MARKETS INSURANCE PREMIUMS INTELLECTUAL PROPERTY INTELLECTUAL PROPERTY REGIME INTELLECTUAL PROPERTY RIGHTS INTERNATIONAL BANK INTERNATIONAL BANKS INTERNATIONAL ECONOMICS INTERNATIONAL TRADE INVESTMENT CLIMATE INVESTMENT REGIMES JOINT VENTURE JOINT VENTURES LEGAL AGREEMENTS LEVEL OF COMMITMENTS LIBERALIZATION LIFE INSURANCE LIFE INSURANCE COMPANIES LIFE INSURANCE PREMIUMS MARKET ACCESS MARKET REFORM MARKET_ACCESS MEMBER COUNTRIES MIDDLE-INCOME COUNTRIES MONOPOLY MULTINATIONAL BANKS NATIONAL TREATMENT NATURAL DISASTERS NON-TARIFF BARRIERS OPEN ECONOMY OUTPUT POLICY MAKERS POLITICAL CONSIDERATIONS POLITICAL ECONOMY POVERTY REDUCTION PREFERENTIAL STATUS PRIVATIZATION REAL EXCHANGE RATE REGISTRATION SYSTEM REGULATOR REGULATORY REGIME REGULATORY SYSTEM REPUTATION RETURNS SECURITIES SERVICES DIMENSION SERVICES SECTORS SKILLED WORKERS TARIFF CUTS TARIFF RATES TARIFF REDUCTIONS TARIFF REVENUE TARIFF SCHEDULE TELECOMMUNICATIONS TELECOMMUNICATIONS REFORM TELEPHONE SERVICES TERMS OF TRADE TRADE DATA TRADE DISPUTES TRADE EFFECTS TRADE INTERESTS TRADE ISSUES TRADE PERFORMANCE TRADE POLICY TRADE POLICY REFORM TRADING TRADING PARTNERS TRANSITION ECONOMIES TRANSPARENCY TREASURY TURNOVER UNDERWRITERS UNILATERAL REFORMS UNSKILLED LABOR WAGES WORLD ECONOMY WORLD PRICES WORLD TRADE WORLD TRADE ORGANIZATION WTO WTO ACCESSION WTO ACCESSION NEGOTIATIONS WTO AGREEMENT WTO AGREEMENTS WTO COMMITMENTS WTO MEMBERS WTO MEMBERSHIP
Online Access:	http://documents.worldbank.org/curated/en/2007/12/8828856/russian-wto-accession-accomplished-can-expected http://hdl.handle.net/10986/7612

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Summary:	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.

Russian WTO Accession : What Has Been Accomplished, What Can Be Expected

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