ACIG participates in the International Conference “Russian Business after Ascension to WTO: Expectations and Prospects”

On November 23, 2012, the international conference “Russian Business after Ascension to WNO: Expectations and Prospects” took place in Moscow. The participants of the conference focused on regulatory and institutional basics of the domestic economy industries in the context of Russia's joining the Marrakesh Agreement.

At the invitation of the Committee of the Russian Union of Industrialists and Entrepreneurs on integration, trade and customs policy and WTO, ACIG experts participated in the work of the conference. Ministry of Economic Development of the Russian Federation, Ministry of Industry and Trade of the Russian Federation and Russian Federal Customs Service presented Russian Government’s official position on the conference agenda. State Duma representatives gave a report “On the lawmaking plan for bringing national legislation to conformity with Russia’s international commitments”.

Various challenges to legal provision of Russia’s membership in WTO, foreign economic disposition of Russia, the WTO and the SES, bilateral relations in new economic conditions were addressed during the event. Participants of the conference also discussed practical issues, connected with export of goods and services, guaranties of access to foreign markets, state support of the exporters in the context of Russia’s membership in WTO.

In their report, ACIG experts emphasized importance of implementing international standards and codices for facilitating mobilization of national and international investments aimed at enhancing social and economic growth. It was also noted, that forming effective regulatory and institutional basis at the national level requires ability to quickly adapt with due account for dynamic changes in structural determination of global system of labour division as a base for dividing strategic advantages in the cost value chain.  

In the follow-up of the event, propositions on these issues were formed for submission to the federal government agencies.