Obama voices support for Russia's bid for WTO

09:05, June 25, 2010      

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U.S. President Barack Obama (R) and his visiting Russian President Dmitry Medvedev attend a joint press conference after their meeting at the East Room of the White House in Washington D.C., capital of the United States, June 24, 2010. (Xinhua/Zhang Jun)

U.S. President Barack Obama on Thursday reaffirmed support for Russia's efforts to join into the World Trade Organization (WTO), saying his administration will speed up efforts to conclude relative process.

"To deepen Russia's integration into the global economy, I reaffirmed our strong commitment to Russia's ascension" to the WTO, Obama told reporters at a joint news conference with Russian President Dmitry Medvedev after their meeting in the White House.

"Russia belongs in the WTO. That's good for Russia, it's good for America, and it's good for the world economy," said Obama, adding that U.S. team would "accelerate their efforts to work together to complete this process in the very near future."

According to Obama, there are only 5 percent to 10 percent of the issues, among them including some technical issues, have not been resolved, but the issues might require "significant work" before the process is expected to finish by September 30 this year.

"We are going to do everything we can to get this done as quickly as possible, and we will be very specific and very clear about the technical issues that Russia still faces, and Russia then will act in accordance with its needs and requirements internally to meet the demands of the WTO in order to get this done," said Obama.

Russia is the biggest economy outside the WTO. Its bid for joining into the organization has long been seen as one of major tests for U.S.-Russian relations.

President Obama has said that he firmly believes America's most significant national security interests and priorities could be advanced most effectively through cooperation, not an adversarial relationship with Russia. In the past 18 month, the Obama administration has taken some positive steps to improve relations with Russia.

"I'm confident that we can get this completed. And I am confident that President Medvedev and his vision for an innovative, modernized, energized economy are entirely consistent with Russia' s joining the WTO," said Obama.

Source: Xinhua


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