The European Commission, the executive arm of the EU, urged yesterday Russia
to continue its bid to join the World Trade Organization (WTO).
"As the only major economy outside the WTO, it should hasten its efforts to
join," spokesman for the commission on trade affairs Peter Power said at a news
briefing, in response to Moscow's intention to back off from commitments made in
previous entry talks.
"But it is obviously a decision for Russia. There are a number of stumbling
blocks but these can be overcome with the right political will," he added.
Entry talks between Russia and the European Union (EU) have made little
progress as the two sides could not find a compromise on duties on Russia's wood
exports.
"Unless we see progress on that, we cannot sign off on Russia's application
for the WTO," Power noted.
The EU fears that Russia's wood export would hurt paper-making in the EU,
especially in Finland.
Negotiations have been running long as talks for Russia to join the world
trade body started in the early 1990s.
The 27-nation EU is mulling to use Russia's bid to join the WTO as a leverage
to press Moscow to fully withdraw troops from Georgia.
Russian media quoted Prime Minister Vladimir Putin as saying on Monday that
his country could not see any advantages after joining the WTO and should freeze
some commitments made during entry talks.