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Russia will spend $9 billion of its budget on developing agriculture as part of its bid to join the WTO
Russia will spend $9 billion of its budget on developing agriculture as part of its bid to join the WTO, a deputy economic development and trade minister said Monday. But Maxim Medvedkov, Russia's top negotiator at the WTO talks, said Russian agriculture was still unlikely to be globally competitive in the next decade "It is not realistic to speak about [competitiveness] in the next 5-10 years," he said. Experts have been drafting plans on where the budget allocations will be spent, Medvedkov said. U.S. Senator Richard Burr said last week that Russia could join the WTO if it settled agricultural machinery problems, as well as issues of intellectual property rights protection and insurance policies.
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