(Russia) Looming WTO accession comes with two sides

Russia's WTO accession is edging closer after the EU backed its bid in 2010. After a 17 year accession process economists say membership will be beneficial overall, but that some sectors will face tougher competition.

To secure the EU’s backing, Russia lowered export tariffs on timber and rail freight fees. If negotiators settle limits for state support of agriculture and agree on meat and poultry quotas, 2011 is expected to see Russian accession to the global trade body.