Russia and Japan have competed bilateral negotiations on the former's accession to the World Trade Organization

Monday, March 20, 2023

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Russia and Japan have competed bilateral negotiations on the former's accession to the World Trade Organization, President Vladimir Putin said Monday. "I am confident that Russia's accession to this influential organization will allow [us] to strengthen our business ties with Japan, " the Russian leader told a Russian-Japanese business forum. Russian Minister for Economic Development and Trade German Gref said last week that Russia and Japan would sign an agreement on Russia's WTO accession during Putin's November 20-22 trip to Japan. Russia has finished talks on WTO accession with 50 countries (the European Union is considered as one country). It still needs to complete negotiations with eight more countries: the United States, Canada, Switzerland, Australia, Malaysia, Philippines, Colombia, and Uruguay. The minister also said it was realistic for Russia to join the WTO in late 2006. "Russia could enter the WTO in mid-2006 but the most realistic date is the end of next year," Gref said after talks with Japan's trade minister Toshihiro Nikai November 17.

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