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Russia To Invest $9 Bln In Agriculture In WTO Accession Bid

by 5m Editor
18 April 2006, at 12:00am

RUSSIA - Russia will spend $9 billion of its budget on developing agriculture as part of its bid to join the WTO, a deputy economic development and trade minister said Monday. But Maxim Medvedkov, Russia&#39;s top negotiator at the WTO talks, said Russian agriculture was still unlikely to be globally competitive in the next decade &quot;It is not realistic to speak about [competitiveness] in the next 5-10 years,&quot; he said. Experts have been drafting plans on where the budget allocations will be spent, Medvedkov said. <i>Source: Novosti</i>

5m Editor