Russia adopts amendments to WTO agreement

Russia adopts amendments to WTO agreement

Russia has adopted a protocol on amendments to the Marrakesh agreement on the establishment of the World Trade Organization (WTO), which are aimed at simplification of WTO trade procedures. The corresponding law was signed today by President Vladimir Putin.

Earlier, the director of the Department of Trade Negotiations of the Ministry of Economic Development, Maxim Medvedkov, explained that the amendments, in particular, extend the range of persons who may act as an applicant at the request of a preliminary decision on the country of origin of goods.

The aim of the agreement on trade facilitation is to optimize the movement, release and transit of goods, accelerate and simplify customs procedures, reduce costs of trade, ensure the efficiency and transparency of the relevant procedures, RIA Novosti reported.