Based in Geneva, Switzerland, WTO serves the following objectives: 1. Enhancing the standard of living and income; 2 Introducing sustainable development; 3. Taking positive steps to ensure that developing countries secure a better share in world trade. The economists Harry White (left) and John Maynard Keynes at the Bretton Woods Conference. Russia has finally joined the World Trade Organization (WTO) at a ceremony in Switzerland on Friday(August 22, 2012) after 18 years negotiating its membership. Price inflation Up to 5% Absence of qualified negotiators to promote Russia’s interests in trade agreements 3% Possible claims and complaints of other countries against Russia Up to 11%
