On Aug. 22, Russia will officially become the 156th member of the World Trade Organization, finally concluding its bumpy, 18-year-lon journey to membership in the world’s largest trade body. By accepting the WTO rules, Russia will significantly reduce import tariffs – from the current level of 9.5 percent to 6.0 percent in 2015 – allowing other WTO members to expand their presence on the vast Russian domestic market. Unfortunately, there will be one country that is going to miss on this opportunity: the United States.
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