Russian mineral companies under the condition of the world trade organisation functioning
- 1 — National Mineral Resources University (University of Mines)
- 2 — National Mineral Resources University (University of Mines)
- 3 — National Mineral Resources University (University of Mines)
Abstract
In the article the issues connected with the accession to the WTO in Russia are considered. It is noted that the role of the government in the markets of the countries acceding to the WTO reduces (in compliance with all agreements relating to fair competition) while the role of independent and state regulators on behalf of certification bodies increases. The authors think that the WTO accession won’t affect fuel and mineral resources part of export in Russia as there are no serious limitations for sale of mineral resources in the world markets. Under the condition of the accession to the WTO it is proposed to develop economic incentives for companies of the mineral resources sector in order to diversify production and implement innovations.
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