Russia officially finalized all procedures required for accession to the World Trade Organization (the WTO) at the end of July 2012, becoming the 156th member of the WTO.
The Federal Law “On Ratification of the Protocol on Russia’s Accession to the Marrakesh Agreement on the Establishment of the World Trade Organization of April 15, 1994” was passed by the RF Parliament, signed by the RF President and officially published at the end of July 2012.
On July 23, 2012, the RF Government officially notified the Secretariat of the WTO that all of the required domestic procedures have been finalized. In accordance with the WTO rules, Russia’s accession to the WTO was completed on August 22, 2012, i.e. as of the 30th day following notification of the Secretariat of the WTO.
From September 1, 2012, Russia began performing its first obligation in accordance with the WTO protocol on decreasing average import tariffs. The average import tariffs will be gradually decreased until 2015 and will average about 6% in 2015, according to the RF Minister of Economic Development, Mr. A.R. Belousov.