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Wednesday, August 22, 2012
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Russia, the world's ninth largest economy, will join the World Trade Organization today, plugging a major gap in the organization’s membership and concluding a nearly two-decade long process. The impacts of Russia’s admission, which was initially approved last year, will likely be more muted in the United States than in other regions, due to U.S. human rights legislation from the 1970s that precludes Russia from being granted permanent normal trade relation status. Th...
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