Overview

This briefing from Goltsblat BLP analyses the legal framework of Russia and the WTO to identify and comment on the legal consequences of Russia joining the WTO.

All WTO member countries assume the obligation to fulfil the main treaties and legal documents of the organisation. So, from the legal point of view, the WTO system constitutes a kind of multilateral contract, the norms and rules of which regulate most of all world trade in goods and services.

As a result, Russian law enforcement practice and rules will have to be aligned with the WTO rules in the sphere of customs valuation of goods. The briefing describes how this is likely to affect freedom of trade in Russia as well as a number of Russian international trade issues.

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