Russia's accession to WTO will certainly affect Belarus, Snopkov says

None
None
MOSCOW. April 11. KAZINFORM Russia's accession to the WTO will certainly affect Belarus, Economy Minister of Belarus Nikolai Snopkov told reporters.

According to BelTA, the minister noted that, according to studies and calculations, those tariff restrictions, to which Russia has agreed in the process of accession to the WTO, have been unified with Belarus by 75%. "The most sensitive for Belarus is agricultural engineering and food industry. Therefore, we must properly prepare for competition in these sectors," said Nikolai Snopkov, noting that competition is a natural process that moves development forward.

Nikolai Snopkov added that Russia is expected to switch fully to the WTO rules by 2015-2017. "Belarusian companies have enough time to get ready for this," he said.

As for the unification of subsidy regulations for certain economic sectors with the WTO regulations, the process is envisaged in the Single Economic Space development program which is to be completed by 2015, the minister said.

Currently reading
x