Russia Threatens to End US Import Preferences If No WTO Deal

Russia will cut importing US meat if no WTO deal

Russia said Thursday it would cut preferences given to US meat imports if it was unable to reach an agreement with the US over its accession to the World Trade Organization (WTO) by October.

"In case of unsuccessful October consultations in Geneva, Russia will be forced to return to the positions that it held before agreements were reached on the trade of meat until Russia joins the WTO," a statement from the ministry of economic development and trade said, citing a letter Economic Development and Trade Minister German Gref sent to US authorities.

Source: AFP

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