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11 Nov, 2011 10:38

WTO Chief: Russia's Accession Good For Global Economy

WTO Director-General Pascal Lamy believes that Russia’s admission to the WTO will benefit the global economy, as well as the country itself.

It will give Russia an impetus for modernization, make it attractive to foreign investors and insure it against protectionism abroad. But Lamy admitted: “some will have to adjust and this understandably creates some resistance at home”.