Russia after 18 years of negotiations came to a consensus with the West on the issue of membership in the WTO and the completion of the transition period.It is now difficult to imagine the conditions that were put forward for our country in 90 years, since the structure of the Russian economy and its foreign trade product range differed considerably from the modern.
Pros and cons of Russia's WTO accession are widely covered by the media.Of course, our compatriots have already tired of the country's role as a raw materials appendage.Now the priorities have changed, which are chosen by ordinary citizens.Social image of any successful country in the eyes of the ordinary Russians - the happy owner of housing and car (at least one), a family man.In the period of the industrial model of success was high fitter pervorazryadnik.
Russian advances in recent decades in sight.Firstly, it is the world leader in oil production, a leader in natural gas reserves.Secondly, due to the excessive reserves of hydrocarbons and metals, Russia is not in last place in the Western community.But the West still doubts that we will be able to reach the heights in aircraft construction and electronics, medicine and nanotechnology.That's why pros Russia's WTO accession significantly felt in the procurement of raw materials from a partner, and if necessary it will be possible to solve trade disputes in international arbitration or other special bodies.
development potential of the country, of course, is somewhat reduced due to the mutual barriers in the form of duties and quotas.In any case, these artificial reefs is a temporary phenomenon, to overcome real competition.
Scientists are concerned about other issues affecting Russia's WTO membership - the pros and cons related to attracting foreign direct investment to the domestic market to meet the domestic demand.The main thing is not to give preference to imports from the Eurozone and China.If a successful macro-economic policies, Russia can appear benefits associated with the opening of additional production by Western corporations.This employment of citizens.It should be remembered on the control technologies used in these industries, in order not to have suffered significant damage to the environment.
So, the pros and cons of Russia's accession to the WTO should be considered in the position of the scenarios in such time horizons:
- long-term effects;
- the medium-term effect;
- short-term effect.
most positive effect will be for metallurgical and oil and gas companies.We must not forget at the same time about the law of supply and demand.So, when removing some of the restrictions on the world market prices will also decline.Therefore, to obtain a clear benefit exporters have to produce more raw materials in full size.
In the short term, Russia may get terrible consequences in terms of unemployment, the decline of industries such as automotive, aviation, food, electronics and agriculture.
Pros and cons of Russia's WTO accession is now widely shown in the media reporters.Thus, analysts of the bank "Globex" among the positive aspects referred to the following:
- reduction of duties that will both reduce the cost of imported goods, and an increase in Russian exports;
- lower prices for domestic goods by expanding the scope of foreign companies;
- predictability and achieving some stability in Russia's foreign trade.
According to some researchers, the pros and cons of Russia's WTO accession will have some stimulating effect on the domestic economy.Thanks to macroeconomic policy in this area is achieved annual growth of foreign trade turnover to 10%.
