Russia may complete WTO accession within a year: U.S. presidential advisor
Russia's accession to the World Trade Organization (WTO) may be completed within 12 months, U.S. President Barack Obama's economic advisor said on Wednesday, Xinhua reported.
Lawrence H. Summers, who just finished talks with Russian First Deputy Prime Minister Igor Shuvalov, told journalists that progress has been made during talks, and both countries acknowledged the necessity of solutions that would help Moscow join the WTO.
All major issues still preventing Russia from joining the WTO could be settled through negotiations within the next few months, Summers was quoted by Interfax news agency as saying.
Russia, which has been seeking WTO membership for more than 15 years, is the largest economy remaining outside the global trade watchdog.
Last month, Russian Prime Minister Vladimir Putin said Moscow was unlikely to join the WTO by the projected date of Jan. 1, 2011.