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Unformatted text preview: STUDENT NAME: ABSTRACT NUMBER : 2 COURSE NUMBER: BUS5110.e1 - International Business SUBMISSION DATE: 10/08/2010 ABSTRACT NO. 2 1-Article Title: After 17 Years, Russia Resolves U.S. Objections for Entry Into W.T.O. 2- Article Source: This piece of writing is an article by Andrew E. Kramer. It was published on October 1, 2010 by The New York Times. http://www.nytimes.com/2010/10/02/business/global/02trade.html? _r=1&ref=world_trade_organization 3- Key Points: This article is about Russias accession to the World Trade Organization (WTO). Russia has been trying to enter the WTO longer than any other country. Due to several disagreements, the United States has been objecting Russias membership to the organization. After seventeen years (17) years of dialogue, the two countries have been working finally on an agreement. However, even with the approval of the United States, the nations membership is still not guarantee. Despite U.S support, Russias WTO entry still faces opposition in Georgia and other areas. 4- Reference to Text: Kramers piece of writing relates to different key areas of the text. First, information at page 105 of the text reveals that the WTO is a rules-based, member-driven organization, with decisions negotiated by all the member governments. Russias membership has to be approved and negotiated with all member governments to allow its entry. All member governments have a voice. Thus, Georgia or the U.S can object another countrys bid. Second, page 107 of the book explains that one of the WTO principles is to trade without discrimination. As observed in the article, Russia will have to trade without discrimination to smaller trading partner such as Georgia. Finally, the text also elucidate that one of the most difficult negotiation areas facing WTO members is trade-related intellectual property rights (page 108). Russias new adopted regulations on intellectual property rights (such as patented pharmaceuticals) were among the reasons the country starts gaining support....
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This note was uploaded on 02/03/2011 for the course BUS 510 taught by Professor Ivanov during the Spring '11 term at Dallas.

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