Russia set to join WTO after 18 years of negotiations

Note: This section contains information in English only.
Source: Dukascopy

After 18 years of talks over the membership, Russia finally will become a member of the WTO at the ceremony in Switzerland due on Friday. The Swiss backed up Russia to solve the conflict with Georgia that has blocked Russian membership in the WTO since short war period in 2008. Russia is the largest economy to become a member of the WTO.

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Fri, 16 Dec 2011 10:38:31 GMT

China aims Africa as new source of cotton

China plans to increase its efforts put in developing cotton-planting in four countries in Africa, reported the Ministry of Commerce. Analysts believe closer cooperation with Benin, Mali, Chad and Burkina Faso will help China to increase fairness of the cotton-trade conditions under the WTO requirements. China with supply African countries with seeds, fertilizers and machinery as well as enhance personnel training there.

Fri, 16 Dec 2011 10:01:39 GMT

UK derivative law may be abandoned

EU leaders may abandon UK derivative legislation after PM Cameron's attempt to protect country's financial sector almost ruined EU summit, said 4 officials familiar with matter. Analysts suggest that possible crumbling of UK's derivatives could be a notice from EU officials that British veto alone cannot strengthen its financial system. 

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