Russia became the 157th member of the WTO on August 22, 2012. Russia’s accession will provide improved market access for U.S. manufacturers. Prior to joining the WTO, Russia could increase tariffs and did so on combine harvesters, steel pipes and rolled products, rice, and processed cheese. Russia is now prohibited from taking such actions. Other products are expected to benefit from Russia’s accession, such as soybeans that will now face zero tariffs. Russia also will provide stronger intellectual property rights protection. These IPR commitments will benefit America’s innovative and creative industries. Finally, Russia committed to greater access to its services market.
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According to USTR, what U.S. businesses stand to gain from Russia joining the WTO
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