Russia looks set to reduce its export duties on roundwood in connection with its accession to the World Trade Organisation (WTO), which is expected for the middle of 2012. On 10 November 2011 a WTO working group headed by the Icelandic ambassador Stefán Jóhannesson approved a bundle of measures that was negotiated between Russia and the WTO and that Russia will implement after joining the WTO. Moreover, the working group will recommend during a conference of the WTO ministers on 15 to 17 December 2011 that Russia will be admitted to the WTO.
Source: http://www.euwid-wood-products.com |