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Department of State: Russia's accession into WTO would increase the U.S. exports to double

2011-10-05 13:41

Department of State: Russia's accession into WTO would increase the U.S. exports to double. 22819.jpegAccording to the U.S. Deputy Secretary of State William Burns, Russia's accession to the World Trade Organization (WTO) will increase exports of American goods to Russia more than doubled. As reported by "Georgia-News" referring to RIA Novosti, Burns announced this position during his speech at the annual conference of the US-Russia Business Council (USRBC) in Chicago. "The simple fact of Russia's WTO accession is important for the American economy. Due to it, American exporters will get a new market in one of the most rapidly developing countries. If we want to fulfill Obama's purpose and to double our exports by 2015, and if we want more Americans to find jobs - then Russia's WTO accession should be a part of this strategy. According to independent estimates, Russia's WTO accession will increase the volume of the U.S. exports to Russia more than doubled (from $ 9 billion in 2008 to $ 19 billion annually )" - said Burns.

Recall, on the eve, a number of senior American officials also issued a very optimistic forecasts regarding the terms and prospects for Russia's entry into this international structure.

Thus, Vice-President Joe Biden believes that the negotiations between Russia and Georgia on the membership of Russia in the World Trade Organization (WTO) must be completed successfully. Biden said this hope at a meeting with the First Deputy Prime Minister Igor Shuvalov in Washington.

"Vice president confirmed that the U.S. supports Russian entry into the WTO and noted the significant progress in this matter. Biden said he hoped for successful conclusion of ongoing negotiations between Russia and Georgia on Russia's accession to the WTO" - stated in Vice President's office.

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