Accession to the WTO: the problem of transition

Abstract

The article deals with the challenges that the state and the national business have to overcome during the seven-year transitional period fixed for Russia’s fulfillment of its obligations to the WTO. Russia has to make some legislative changes, create the necessary legal infrastructure to serve foreign trade operators, improve the statistics and financial accountability. Business has to master the technical procedures used for introducing special measures to protect the market. The high priority is to minimize the risks related to lowering the degree of tariff protection.