Newspaper rendering

  The article discusses Russia's entry in the World Trade Organisation on July 21, 2012 after 18 years of negotiations. Speaking of this accession it is necessary to note that in spite of the fact that The Economic Development Ministry said WTO membership will lower prices for both imported and domestically-produced goods, critics have claimed Russia’s WTO accession is detrimental to the country’s national sovereignty and security and could ruin entire sectors of the domestic economy such as agriculture and the motor industry. There is also a lot of comment on the measures which had been initiated by Russia to open up its economy. Besides, there are much speculation as to whether or not the Jackson-Vanik amendment will be repealed because otherwise WTO rules will not apply to Russia's trade relations with the USA. The reporter makes it clear that though the restrictions imposed by Jackson-Vanik are often waived, they still remain in place and are a thorn in the side of Russia-U.S. trade relations. In the conclusion the reporter doesn't express his own attitude to the matter, just giving a naked outline of facts. As for me, I should say that though it is hard to predict the future but there is some evidence that with the  accession of Russia  in the WTO, the  trade relationships between the USA and the Russian Federation  will improve and our economy could benefit, attracting more foreign investment to the country.

http://en.rian.ru/business/20120822/175361666.html