On 7 June 2012, Russia took a major step forward in its effort to join the World Trade Organization (WTO) when the Russian Government submitted to the Russian Duma a draft federal law ratifying the WTO Accession Package. Ratification must take place by 22 July 2012. Russia will become a member of the WTO 30 days after it notifies the WTO of the Duma's ratification of the Accession Package.
While recent administrative and legislative actions highlighted below indicate that Russia will seek to support domestic industries, the Accession Package includes many commitments that will create opportunities for Russia's trading partners.
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