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The Use Of Wto Legal Instruments In Russia’S Foreign Economic Relations

Author

Listed:
  • A. Makarov

    (Gaidar Institute for Economic Policy)

  • A. Pakhomov

    (Gaidar Institute for Economic Policy)

Abstract

Experience shows that although certain notions like the norms and rules established by the World Trade Organization (WTO) are still being perceived as something abstract and metaphorical by many participants of foreign economic activity, these norms and rules have already been actively used in the traditional bilateral trade and economic relationships between the Russian Federation with the countries of near and far abroad. Although the WTO’s legal instruments vary in their effectiveness, they make it possible for a country to safeguard its national economic interests. However, if these norms and rules are implemented incorrectly, they can only give rise to additional problems and troubles.

Suggested Citation

  • A. Makarov & A. Pakhomov, 2016. "The Use Of Wto Legal Instruments In Russia’S Foreign Economic Relations," Russian Economic Development, Gaidar Institute for Economic Policy, issue 2, pages 75-81, February.
    • Handle: RePEc:gai:recdev:684
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    More about this item

    Keywords

    INNOVATIVE EXPORTS PROMOTION; Russian Economy;

    JEL classification:

    • E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General
    • E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination
    • E64 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Incomes Policy; Price Policy
    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory

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