Small Loses From Car Assembly Agreements, But Big Gains From WTO Membership

Russia has finally concluded two separate bilateral agreements with the US and the EU on car assembly, which has long been a sticking point in the country's pursuit of WTO membership. The EU trade commissioner Karel De Gucht has revealed that the agreement could lead to Russia's entry into the WTO by as early as end-2011. Irrespective of when this happens, BMI believes that the membership may turn out to be a game changer for the Russian autos industry on the whole and its competitive landscape in particular. Membership will also be welcome news for some European carmakers, particularly those

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