Russia's Relations with the Eu After Wto Accession

Résumé


Russia's accession to the WTO next year will set the stage for a more active dialogue with the EU on deeper integration and trade liberalisation. In this respect the formation of a FTA with the EU is a necessary, but not a sufficient condition for engaging Russia into an active dialogue on a broad range of political and economic issues. Other modalities of trade liberalisation, including regional cooperation and greater openness to investment would also need to be addressed. The delays in drawing up a new comprehensive framework of EU-Russia cooperation come at a time when the need for a renewed framework is greater than ever, which calls for the speedy launching of talks on the creation of a new comprehensive PCA in the near future.

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Extrait


Russia's Relations with the Eu After Wto Accession

Russia's trade relations with the EU are approaching a crucial stage. With Russia now set to accede to the WTO next year, it is likely to become increasingly active in forging trade alliances across the globe. Even as Russia is looking for partners in potential FTAs and regional projects around the world, its trade relations with the EU need to be revitalised. First and foremost, the Partnership and Cooperation Agreement (PCA) with the EU has expired and the new PCA will need to reflect the new realities of a different Russia and the EU. One of the issues that will need to receive particular attention in the new PCA is the security of energy supplies, which is becoming a crucial theme in EU's relations with Russia, especially after the disruptions in gas supplies that took place in the beginning of 2006.

Accordingly, the paper first looks at some of the crucial changes taking place in Russia's trade policy regime, of which the most important has to do with the significant progress in Russia's WTO accession and the intensification of Russia's attemp...

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