World Trade Organization (WTO) countries have not yet reached a consensus on two key issues: the volume of benefits in the agricultural sector and fisheries subsidies. writes about this TASS Referring to Maxim Reshetnikov, head of the Ministry of Economic Development of the Russian Federation.
“If it was almost impossible to reach agreement on the first issue, we were close to success on the second,” the minister said. “The biggest hurdle was the volume of benefits that developing countries were fighting for.”
Reshetnikov emphasized that both issues remain on the agenda. He added that negotiations on these will continue for the next two years.
Before that Reshetnikov saidRussia has acceded to the WTO Agreement on Facilitation of Investment for Development. 122 more countries signed the document.
The head of the Ministry of Economic Development of the Russian Federation is also statedHe said that the Russian Federation does not allow WTO opponents to legalize trade barriers.
Previously in Russia appreciated the country’s readiness for further integration into the global economy.