Show Summary Details

Page of

PRINTED FROM OXFORD HANDBOOKS ONLINE ( © Oxford University Press, 2018. All Rights Reserved. Under the terms of the licence agreement, an individual user may print out a PDF of a single chapter of a title in Oxford Handbooks Online for personal use (for details see Privacy Policy and Legal Notice).

date: 15 May 2021

Abstract and Keywords

This chapter estimates what Russia will get from World Trade Organization (WTO) accession. A key finding is the estimate that Russia will gain about $53 billion per year in the medium term and $177 billion per year in the long run, due largely to its commitments to reform its business services sectors. We summarize the principal reform commitments that Russia has undertaken as part of its WTO accession negotiations and compare them with those of other countries that have acceded to the WTO. We find that Russian commitments represent a liberal offer to the WTO, but they are typical of other transition countries that have acceded to the WTO. We discuss why Russian WTO accession will result in the elimination of the Jackson-Vanik amendment against Russia. We discuss Russian policies to attract foreign direct investment and assess strategies for most efficiently meeting the government’s objective of diversifying the Russian economy.

Keywords: Russian economy, gains from WTO accession, WTO commitments, Jackson- Vanik amendment, foreign direct investment, diversification

Access to the complete content on Oxford Handbooks Online requires a subscription or purchase. Public users are able to search the site and view the abstracts and keywords for each book and chapter without a subscription.

Please subscribe or login to access full text content.

If you have purchased a print title that contains an access token, please see the token for information about how to register your code.

For questions on access or troubleshooting, please check our FAQs, and if you can''t find the answer there, please contact us.