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US Paves Russia’s Admittance Into WTO

From those lovers of totalitarianism at Reuters:


U.S. and Russia sign bilateral WTO deal

Sun Nov 19, 2006

By Oleg Shchedrov

HANOI (Reuters) – Russia and the United States signed a bilateral deal on Sunday for Moscow’s entry in the World Trade Organization, removing the last major obstacle in Russia’s 13-year-old bid to join the global trade body.

The agreement was signed by Russia’s Economy Minister German Gref and U.S. Trade Representative Susan Schwab on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit in Hanoi.

The signing was timed to take place before a meeting between Russian President Vladimir Putin and U.S. President George W. Bush, who both took part in the APEC summit, on Sunday.

"Undoubtedly, this agreement is a very substantial milestone in the full integration of Russia into the global economy," Gref told reporters after the signing ceremony.

Russia, the last major economy outside the 149-member trade body, would benefit from a "significant increase" in global trade after joining the world trade body, Schwab said…

There goes the last incentive the Soviet Union Russia ever had to behave. If you can call helping Iran get the bomb "behaving."

Though, to be fair, Bush probably didn’t want to risk being poisoned or murdered in some other sordid way, as Mr. Putin is wont to do with his critics.

Chalk up another win for the dark side.

This article was posted by Steve on Sunday, November 19th, 2006. Comments are currently closed.

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