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Putin Reiterates Russian Intention to Join WTO
Russian President Vladimir Putin reiterated Russia's "firm" intention to join the World Trade Organization (WTO) on Tuesday, but added this move would take enough consideration of the interests of the national economy.
Russia's access to the WTO "is firm and will be implemented," but "we do not agree to join the WTO on non-standard terms," Putin said in his speech at the Moscow meeting of the World Economic Forum.
Admitting Russia is facing problems, the president said his country still had "a promising economy and an large market for the future."
"We are striving to reduce economic risks to the minimum and we hope to do so with your help and with your involvement," he told more than 350 world business leaders.
Putin said all efforts to promote the Russian economy are coincided with endeavors to improve social development.
He stressed that the purpose of Russia's reforms is to develop "normal, transparent and reliable relations between the Russian economy and the world economy."
Putin vowed to create a special agency in near future to fight against money laundering, which is regarded a big trouble for Russian economy by the West.
All financial investigation agencies of this kind will not make any trouble to legal business and will not violate the banking secrecy, he said.
The president also pledged to further simplify tax system and continue legislation work on the turnover of farmlands.
The World Economic Forum kicked off here Monday with more than 350 prominent participants. This is the first time that the forum, which holds its main and annual summit in Davos, Switzerland, has come to Russia.
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