Meeting with Russia’s new permanent representative in the organization, Nikolai Platonov RIA News He said Moscow would gain nothing from leaving the World Trade Organization (WTO).
Platonov explained that almost all of Russia’s foreign trade is based on WTO rules. If it leaves the organization, Moscow will lose access to many markets where it has trading partners on more favorable terms.
In addition, the Russian Federation will lose the opportunity to influence the formation of multilateral trade rules.
Before that, Maxim Reshetnikov, head of the Ministry of Economic Development of the Russian Federation aforementionedThat Russia remains open, competitive and ready for further integration into the world economy.
He added that the Russian government has identified five priorities in foreign economic activity. The first is the creation of a common market for trade and investment. It is currently negotiating agreements on free trade areas (FTAs) with Russia, the UAE, Egypt and Indonesia.
Previously in Russia appreciated the country’s readiness for further integration into the global economy.