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Russia's Bid for WTO Accession SUMMARY Russia's chief WTO negotiator revealed Dec. 19 that Russia would present new proposals to the WTO in February 2001 in a bid to accelerate its negotiations for accession. Membership in the organization, whose 140 members account for nine-tenths of global trade, would open up more trading and investment opportunities for Russia. But Moscow's chances of membership are negligible due to internal economic problems and external political factors. ANALYSIS Russia has sought to join the World Trade Organization since 1993. Membership in the WTO, whose 140 members account for nine-tenths of global trade, would open up new trading and investment opportunities for Moscow. Maxim Medvedkov, Russia's chief negotiator, revealed Dec. 19 that he would present new proposals in February 2001 in a bid to accelerate accession negotiations. Although the details remain undisclosed, the proposals probably differ little from those offered over the past seven years, and Moscow's chances of membership are likely to remain as negligible as ever. Joining the WTO enjoys broad political support in Moscow. But realizing the economic rigor required for membership is only now dawning in the Kremlin. Over the past two months, Moscow's accession target has slipped from early 2001 to mid 2002. Medvedkov has even acknowledged that the process could take years, although he insists the fault lies with other states, not in Russia's lack of qualifications. In all probability, Medvedkov is correct: the process will take years. But the principal obstacles lie within Russia. Its economic problems and negotiating stance will delay membership or, more likely, keep Russia out altogether. In negotiations, Russia's position officially consists of exchanging opinions on what Russia should do.  TO READ THE REST OF THIS ARTICLE CLICK HERE:  http://www.stratfor.com/home/giu/DAILY.asp

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12/06/00 EX-IM BANK ANNOUNCES NEW PARTNERSHIP WITH 15 RUSSIAN BANKS

The Export-Import Bank of the United States (Ex-Im Bank) says it has identified 15 Russian banks -- including 11 private sector banks -- as "creditworthy partners" that it will work with in financing Russian purchases of U.S. goods and services.

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