Russia Likely To Join WTO Within A Year: Summers

Law360, New York (October 20, 2010, 3:22 PM EDT) -- After nearly 20 years of negotiations, Russia is now likely to join the World Trade Organization within the next 12 months, President Barack Obama's senior economic adviser reportedly told reporters in Moscow on Wednesday.

Lawrence Summers, director of the president's National Economic Council, told reporters at a briefing in Moscow on Wednesday that β€œthe end is in sight,” the Associated Press reported.

Russia applied to join the world trade body in 1993, but various concerns, including Russia's war with Georgia β€” a U.S. ally β€” have...
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