WTO Welcomes Russia As Newest Member

Law360, New York (December 16, 2011, 1:18 PM EST) -- The World Trade Organization admitted Russia as a member on Friday, bringing 18 years of negotiations to a close.

With a $1.9 trillion economy, Russia was the largest country that was not a member of the trade body. It first applied for membership in 1993, but saw its bid stalled by political wrangling and its 2008 invasion of neighboring Georgia.

After Russia hammered out a deal for membership in recent weeks, the WTO's Ministerial Conference formally invited the country to join the organization at a meeting...
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