  WTO accepts Russia’s bid for membership December 16, 2011 - 19:47 AMT PanARMENIAN.Net - The World Trade Organization has agreed on Russia becoming its newest member, giving a boost to the ailing economy of its biggest trading partner, the European Union. The 153-nation global trade body approved by consensus Russia's application for membership Friday, Dec 16 capping Moscow's 18-year effort to belong to the world's trading dispute referee organization. The deal is expected to quickly increase EU exports by some 4 billion euros ($5.45 billion) a year. Under the deal, Russians can buy European-made goods at far lower prices and sell its oil and gas more efficiently. Until now, Russia has been the only member of the Group of 20 leading economies still outside the WTO. Russia would become a WTO member next year, 30 days after it notifies WTO that the Russian Duma has ratified membership, AP reported.   Top stories Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive. In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million). The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot". The earthquake caused a temporary blackout, damaged many buildings and closed a number of rural roads.   Partner news |  Latest news Titus, Bilirakis lead legislation to sanction Azerbaijani war criminals  Representatives Dina Titus (D-NV) and Gus Bilirakis (R-FL) have introduced the bipartisan legislation.Armenia: Defense Ministry warns against involving army in political processes The Ministry’s statement came after a video surfaced online, showing soldiers joining the protests in Tavush.Scholz hopes Armenia-Azerbaijan peace treaty will be signed this year German Chancellor Olaf Scholz hopes that a peace treaty between Armenia and Azerbaijan will be signed this year.Ucom equips four bus stops in Ijevan with free Wi-Fi Ucom now provides free Wi-Fi coverage in smart bus stops in four communities of Ijevan. |
