Liberal leaders say they have a plan for a new, more effective anti-Trump resistance    Stampedes at Christmas charity events kill 67 people in Nigeria    A man's suicide leads to clamor around India's dowry law    Slovak PM meets Putin in surprise Moscow visit    Environment minister inaugurates Yanbu Grain Handling Terminal    Saudi deputy FM meets Sudan's Sovereign Council chief in Port Sudan    Kuwait, India to elevate bilateral relations to strategic partnership Sheikh Mishal awards Mubarak Al-Kabir Medal to Modi    MoH to penalize 5 health practitioners for professional violations    Al-Samaani: Saudi Arabia to work soon on a comprehensive review of the legal system    Arabian Gulf Cup begins with dramatic draws and a breathtaking ceremony in Kuwait    GACA report: 928 complaints filed by passengers against airlines in November    Riyadh Season 5 draws record number of over 12 million visitors    Fury vs. Usyk: Anticipation builds ahead of Riyadh's boxing showdown    Saudi Arabia to compete in 2025 and 2027 CONCACAF Gold Cup tournaments    Marianne Jean-Baptiste on Oscars buzz for playing 'difficult' woman    PDC collaboration with MEDLOG Saudi to introduce new cold storage facilities in King Abdullah Port Investment of SR300 million to enhance logistics capabilities in Saudi Arabia    Al Shabab announces departure of coach Vítor Pereira    My kids saw my pain on set, says Angelina Jolie    Legendary Indian tabla player Zakir Hussain dies at 73    Eminem sets Riyadh ablaze with unforgettable debut at MDLBEAST Soundstorm    Order vs. Morality: Lessons from New York's 1977 Blackout    India puts blockbuster Pakistani film on hold    The Vikings and the Islamic world    Filipino pilgrim's incredible evolution from an enemy of Islam to its staunch advocate    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Russia eyeing to form regional bloc
By Tom Miles
Published in The Saudi Gazette on 14 - 11 - 2011


Reuters
Russia's negotiation to join the World Trade Organization (WTO), which it wrapped up on Thursday after 18 years, should turbo-charge the candidacy of its neighbors Kazakhstan and Belarus, a senior WTO official said.
That is because much of the text of Russia's membership agreement refers not to “Russia” but to the “CU”, the Customs Union that the three countries set up in 2009, so Russia has effectively pre-cooked large chunks of Kazakhstan's and Belarus's negotiations.
By creating the union, Prime Minister Vladimir Putin threw Russia's WTO bid into disarray, apparently willing to risk derailing its candidacy in favor of a revival of ties to former Soviet neighbors.
But after Russia's long struggle to clinch a WTO agreement, Putin's detour may end up paying dividends, since it could bring more countries into the global trading system on Russia's coat-tails.
“Basically what these two other governments were doing is that they went into a holding position to wait for the Russian Federation accession to be completed, because obviously that will be the benchmark for running the other accessions,” said Chiedu Osakwe, director of the accessions division of the WTO.
“The conclusion of the terms of accession for the Russian Federation should ... have a positive effect, including on speed for the accessions of Belarus and Kazakhstan,” he added.
“One aspect of the accession will be the goods schedule, so now we know that that is done, basically, for the three of them, because they will accede on the basis of a common goods schedule.”
The second part, about trade in services, was not part of the CU, and so each country has to negotiate separately. Kazakhstan's negotiation was virtually complete but Belarus had yet to get its negotiation underway, he said.
“When we get to the last chunk, and that is the multilateral part of it, there is a huge part of it which is constituted by the Customs Union,” Osakwe said.
“In the final analysis there will be political decisions that will be taken by the government in Minsk and Astana regarding how quickly they want to move on this.
“But my expectation and what is eminently rational to me is that they would now like to move in lockstep with the Russian Federation.
“And the reason is that if you look at the (WTO) Working Party report of the Russian Federation, the first part deals with a ‘framework' for making and enforcing policies. It binds all three of them. So now it's almost impossible to envisage that any one of these three governments economically can go their own separate way.”
Russia's WTO negotiator Maxim Medvedkov earlier said Russia was keen to see its ex-Soviet neighbors follow its lead.
“Of course we would like to see our Customs Union partners Kazakhstan and Belarus in the WTO as soon as possible. I'm absolutely sure that our accession will substantially help those members to accelerate their process,” he said.
Even more countries might be in line to benefit from Russia's negotiations since Putin, who is widely expected to return to the presidency in March next year, wants to expand the Customs Union to Tajikistan and Kyrgyzstan. __


Clic here to read the story from its source.