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 Home > News & Policies > February 2005

For Immediate Release
Office of the Press Secretary
February 24, 2005

Joint Statement by President Bush and President Putin on Russia's Accession to WTO

The United States and Russia are committed to working together to complete our bilateral negotiations for Russia's accession to the World Trade Organization (WTO) in 2005. The results of the negotiations will enhance commercial opportunities between our two countries, support economic reforms that Russia has made a priority, and further integrate Russia into the world economy. Our trade ministers have made progress in pursuing our bilateral negotiations, and we have instructed them to accelerate these efforts.

Russia and the United States will continue to work closely in bilateral and multilateral negotiations to resolve remaining issues in ways that benefit both countries. The rules-based system of the WTO will further strengthen our economic relationship in all areas, including agriculture, manufacturing, services, and the improved protection and enforcement of intellectual property rights.

We will work to identify areas for progress in our bilateral negotiations that will give momentum to Russia's accession to the WTO and to Russia's economic reform program.