Russia World Trade Organization Implementations Assessment

Regulation

The United States Trade Representative (USTR) will have a public hearing and comment to assist in it’s preparation of the Annual Report to Congress regarding Russia’s Obligations as a Member of the World Trade Organization.  On December 2012, consent was given to apply the World Trade Organization agreement between the countries of the United States and Russia and their products.  By December 21st of each year, a report is to be submitted to Congress on the extent that Russia implements the WTO agreement, Sanitary and Phytosanitary Measures, Agreement on Trade Related Aspects of Intellectual Property rights.  Included is the assessment that Russia accepts and implements the Information Technology Agreement and the Government Procurement Agreement.  If found inadequate progress or implementation of World Trade Organization obligations, the USTR will have to determine and describe in their report actions it plans to assess, in order to encourage Russia to improve the implementation or assession (agreement of and compliance) efforts.

The United States Trade Representative invites Public comments regarding

  1. import regulation
  2. export regulation
  3. subsidies
  4. standards and technical regulations
  5. Sanitary and phytosanitary measures
  6. Trade-related investment measures
  7. taxes and charges on imports and exports
  8. internal policies affecting trade
  9. intellectual property rights
  10. services
  11. government procurement
  12. Rule of Law relevant issues (ex. transparency, uniform administration of, judicial review)
  13. World Trade Organization commitments

Entrepreneurial Significance

It is important to know foreign policy and world trade relations as a country that the United States can trade with, can help entrepreneurs find unique opportunities for supply, and product development.  Additionally, as countries make trade agreements, other entrepreneurs might see opportunity to start enterprises, so it is important to be aware of trade agreements as they can help you assess unique sourcing opportunity or international risks.

It is important to understand the legal and regulatory environment to not obtain any legal liabilities.

Disclaimer

Regulation Regular comments on actions of government agencies with an explanation and examination for stratagem or opportunity.

In an effort to find opportunity for entrepreneurial and investment efforts, I have begun to monitor more actions from governmental agencies regarding regulations.  This segment aims to highlight interesting developments in the business environment including competitors, regulations, or interesting occurrences.

THIS IS NOT LEGAL ADVICE.  THIS IS COMMENTARY ON REGULATION.

Regulations can be a source of opportunity, as they make a major part in the determination of barriers to entry.  An industry or practice is difficult to enter if there is a significant amount of regulative procedures and requirements, versus when restrictions are removed an opportunity may be presented.  In this way we are doing our small part to encourage an informed people.

We start from modest beginnings but continue to identify, develop, and research opportunity and strategy for entrepreneurs, to better develop business ideas.

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