Date: 10 months ago   Category: Economy

Oreshkin has commented on Trump's statement for a possible exit of the USA from the WTO — Rambler News Service


Photo: globallookpress.com/Alex Edelman the Statement of the U.S. President Donald Trump for a possible exit of the country from the World Trade Organization (WTO) is a part of the general discussion and is based on emotions. I have said it during the plenary session of the Moscow economic forum the Minister of Economic Development of the Russian Federation Maxim Oreshkin. "It is not news, in many respects it was such emotional statement. That argument which America uses now, changing transactions with Canada, Mexico and with other countries …, bargaining with Europe, bargaining with China, is the general part of a big discussion" — Oreshkin has told. The head of the MEDT has noted that Russia can will face "negative" at an exit from the WTO. The reason of it consists in complex relationship with partners which including is members of this organization. "Russia is a member of EurAsEC. Kazakhstan is a member of the WTO. We will leave the WTO – all goods will go through Kazakhstan, we will receive nothing. We won't receive inflow of goods, we will lose normal channels of trade, we will lose the export markets. From the point of view of import we will have no restriction. If to us to reconsider trade policy, it should be reconsidered cardinally, including in relationship with our nearby countries. With the same Kazakhstan to restore border, to block and so on. It is actually a way in anywhere" — the minister has explained. Oreshkin has added that many countries of the WTO break the basic principles of the organization that forces Russia to use the efforts to that relationship with other countries was equitable to the interests of the country. "For Russia the mechanism of the WTO has to be such mechanism which works for the interests of Russia, but doesn't force us to make any concessions" — he has concluded.

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