Saudi Arabia to showcase cultural depth at 2025 Beijing Book Fair    207 catheterization and surgical procedures performed for Hajj pilgrims in Madinah    Voluntary Carbon Market and Enowa sign deal to deliver over 30 million tons of carbon credits    Smart applications transform visitor experience and accelerate digital transformation in Saudi tourism    Riyadh residents to receive alerts on nearby infrastructure work    Aramco Chief: Global energy security is threatened amid escalating tensions "Importance of oil and gas cannot be underestimated in times of conflict"    Iran has fired 370 ballistic missiles at Israel since hostilities began, Israel says    Saudi Arabia beat Haiti 1-0 to open 2025 Gold Cup campaign    Trump orders increase in migrant deportations    Investigators find cockpit voice recorder from crashed Air India flight    Man suspected of shooting Minnesota lawmakers arrested after huge manhunt    Crown Prince reaffirms Saudi condemnation of Israeli attacks in call with Iran's president    Hajj minister reassures safe departure of Iranian pilgrims in call with head of Iran's Hajj Organization    Saudi Arabia miss World Cup spot after Australia defeat, head to Asian playoff    Al Hilal president: No new signings for Club World Cup due to inflated demands    New York Gallery showcases AlUla Heritage sketches by French architect Heim    Saudi Arabia face uphill task against Australia in World Cup qualifier    Cowboy Beyoncé dazzles nearly sold-out stadium    How to pre-register for VALORANT Mobile    Disney lays off hundreds more as it cuts costs    Ministry launches online booking for slaughterhouses on eve of Eid Al-Adha    Shah Rukh Khan makes Met Gala debut in Sabyasachi    Pakistani star's Bollywood return excites fans and riles far right    Veteran Bollywood actor Manoj Kumar dies at 87    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Russia and Georgia nearing agreement in the WTO dispute
Published in Saudi Press Agency on 03 - 11 - 2011

AlHijjah 7, 1432, Nov 3, 2011, SPA -- Russia and Georgia, opponents in a 2008 war, are moving closer to agreement in a dispute over Moscow's accession to
the World Trade Organization (WTO), dpa quoted Russian Interfax news agency as
reporting on Thursday.
Swiss mediation between the two sides at talks in Geneva has
produced a tentative compromise on the most controversial issue: the
trade status of two breakaway Georgian territories that Russia has
recognized as independent states, but which Tbilisi and most of the
international community consider to be part of Georgia.
A Swiss compromise offer has suggested that a private company -
rather than government customs agents - monitor trade, and collect
excise on goods moving to or from the territories of Abkhazia and
South Ossetia, the report said.
Abkhazia and South Ossetia formally declared independence from
Georgia after the Russo-Georgian war of 2008. Tbilisi lost effective
control over the territories in the mid-1990s.
Any WTO member may veto a membership application by a non-WTO
member. Russian and Georgian negotiators had been at odds over
whether, if Russia joined the WTO, trade linked with Abkhazia and
South Ossetia should be considered as involving a pair of Georgian
provinces, or two independent states.
Russian negotiator Maksim Medvedev said the two sides had reached
tentative agreement on the compromise offer, allowing detailed
questions to be resolved later in November, so Russia could actually
join the WTO in December, according to Interfax.
"Russia apparently wants to sign the compromise variant of
Switzerland, which we have already agreed to," said Georgia's Deputy
Foreign Minister Sergei Kapanadze from Tbilisi, according to
Interfax.
The Swiss proposal reportedly suggests the creation of three trade
routes to be monitored by international observers, and the electronic
exchange of information.


Clic here to read the story from its source.