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Russia will not enter new agreements on assembling foreign cars in the country after it joins the World Trade Organization
Russia will not enter new agreements on assembling foreign cars in the country after it joins the World Trade Organization, the economic development and trade minister said Monday. German Gref said Russia had been negotiating with ten world leading car manufacturers, including Nissan and Volkswagen on construction of their assembly plants in the country. "We have agreed with a number of WTO partners that after all negotiations [on Russia's accession] have been concluded, we will not enter new talks [with world car manufacturers]," German Gref said. The minister said the number of agreements to be concluded before accession depended on steps made by partners. A governmental resolution approved last year in Russia introduced a privileged customs regime for the import of parts and components for the assembly of foreign cars. However, the conditions for manufacturers run against WTO rules. Russia will consequently reject new agreements on industrial assembly of foreign cars after it joins the organization, while previously concluded agreements with privileged customs regime will remain in force.
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