USTR: Russia Continues to Violate WTO Rules on Agricultural Products and More
[Asia Economy Reporter Kwon Jae-hee] The United States Trade Representative (USTR) has claimed that Russia has continuously violated World Trade Organization (WTO) regulations in items such as agricultural products.
According to major foreign media on the 21st (local time), the USTR stated in its annual congressional report that Russia maintained import restrictions in the agricultural sector by introducing a new tracking system for cargo shipments within the supply chain last year.
It also added that cooperation between the U.S. and Russia in agricultural trade has been limited since 2014, and the WTO's involvement regarding Russian trade barriers has also been limited.
The USTR said, "The United States expresses concern over Russia's actions" and "plans to use all appropriate means to ensure Russia opens its market to the U.S."
However, the report did not mention new U.S. trade measures in response to Russia's invasion of Ukraine.
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Major foreign media reported that the U.S. is considering strong export control measures to prevent Russia from importing smartphones, major aircraft and automobile parts, and supplies in several other sectors if the invasion continues.
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