Dead Cat Bounce? Oil Prices After King Abdullah's Death

  • Subscribe to our RSS feed.
  • Twitter
  • StumbleUpon
  • Reddit
  • Facebook
  • Digg

Monday, 17 March 2014

Payback Time: Does US Use WTO to Kick Russia?

Posted on 06:57 by Vicky daru
In the absence of substantial US-Russia trade ties, the question American officials are asking themselves right about now is "How do we 'punish' Russia?" Sure the capital, foreign exchange and stock markets are naturally doing their part in hurting Russia, but how can the US throw its weight around directly? The UN is obviously out since Russia can veto everything from here till kingdom come as a permanent Security Council member.

I almost missed this relatively arcane one: WTO accession involves meeting so-called sanitary and phyto-sanitary standards (SPS). Basically, this involves meeting safety standards for trade in animals and plants--especially food. Yes, Russia finally joined the WTO at the end of 2011--some are now saying that was a mistake to let it in--but it has nonetheless been helping its allies get into the trade club. Witness Kazakhstan which is one of the few non-failed states still outside the organization. To get in, it needs guidance on SPS, for which it is counting on Russian assistance.

However, a recent Russian delegation headed for the United States regarding SPS was turned back. Being ever-so-conspiratorial, the Russians cite unease over Ukraine as the source of American pique:
Russia said on Monday that the United States abruptly withdrew an invitation for Russian veterinary officials to attend talks this week and accused Washington of "sabotage", an apparent sign of tension over Ukraine.
Russia's veterinary oversight agency, Rosselkhoznadzor, was informed less than 24 hours before its delegation was to depart for Washington that the visit was "unacceptable" for the United States, Rosselkhoznadzor said.
In a statement, it accused the United States of "sabotage of Russia's participation" in March 3-6 talks aimed at agreeing veterinary and phytosanitary measures in connection with Kazakhstan's bid to join the World Trade Organisation (WTO).
Poor Kazakhstan being allied with Russia at this point in time. They can't kick Russia out of the WTO so easily, but they surely can make life difficult for its allies. 
Email ThisBlogThis!Share to XShare to Facebook
Posted in Russia, Trade | No comments
Newer Post Older Post Home

0 comments:

Post a Comment

Subscribe to: Post Comments (Atom)

Popular Posts

  • Detours to Linking HK, Shanghai Stock Exchanges
    The Hong Kong Stock Exchange has yet to be, ah, Shanghaied The recent turmoil over student protesters jamming the normal course of traffic (...
  • National Debt That's 245% of GDP? No Worries, Japan
    Relaaaaax; it's not as bad as it looks for Japan? Economics Professor Masazumi Wakatabe at Waseda University was prompted to write comme...
  • Professional Stand-In-Liners, a Venezuelan Profession
    "Everyday I dream dipeys don't run out once I finally get into the store." To be sure, professional waiters-in-line are not u...
  • Russia Fun: Ruling on $100B Yukos Expropriation Claim
    Those were the days--and some hope to bring them back. Five years later, we are about to hear the decision on Russia's liabilities from ...
  • East / Southeast Asia's Demographic Bifurcation
    There's are always interesting demographic discussions about the "West and the Rest," but there are also interesting demograph...
  • Dive Contest: Russian Ruble v Ukrainian Hryvnia
    Only the bravest would take a position on the RUB/UAH exchange rate. In the Summer Olympics, they have a popular and quite watchable event c...
  • China Has Exhausted Its Goodwill in SE Asia
    Call it "Escape From the Killing Fields 2": China sending ships to repatriate its workers from Vietnam as anti-PRC riots there re...
  • A Bad Idea: Flying Passenger Jets Over Ukraine
    I am greatly saddened by the loss of Malaysia Airlines MH17 over the airspace of Ukraine. I have been following the disaster since it was re...
  • Sands' Sheldon Anderson 1, Online Gambling Stateside 0
    The US nanny state and a casino mogul combine to frustrate online gambling Stateside. For a long time, I have covered attempts to regulate I...
  • Egypt's World Beggary Tour 2013 Goes On
    The rise and millennia-long fall of the Egyptian Empire continues apace. From the giddy heights of empire catalogued in the Bible to its pre...

Categories

  • Aerospace
  • Africa
  • Agriculture
  • Americana
  • Anti-Globalization
  • APEC
  • Caribbean
  • Cars
  • Casino Capitalism
  • Cheneynomics
  • China
  • Commodities
  • Corruption
  • Credit Crisis
  • CSR
  • Culture
  • Currencies
  • Demography
  • Development
  • Economic Diplomacy
  • Economic History
  • Education
  • Egypt
  • Energy
  • Entertainment
  • Environment
  • Europe
  • FDI
  • Gambling
  • Gender Equality
  • Governance
  • Health
  • Hegemony
  • IMF
  • India
  • Innovation
  • Intellectual Property
  • Internet Governance
  • Japan
  • Labor
  • Latin America
  • Litigation
  • Marketing
  • Media
  • Microfinance
  • Middle East
  • Migration
  • Mining
  • MNCs
  • Multiculturalism
  • Neoliberalism
  • Nonsense
  • Outsourcing
  • Paris Club
  • Religion
  • Russia
  • Sanctions
  • Security
  • Service Announcement
  • Socialism
  • Soft Power
  • South Asia
  • South Korea
  • Southeast Asia
  • Sports
  • Supply Chain
  • Technology
  • Trade
  • Travel
  • Underground Economy
  • United Nations
  • World Bank

Blog Archive

  • ►  2015 (16)
    • ►  January (16)
  • ▼  2014 (295)
    • ►  December (21)
    • ►  November (27)
    • ►  October (27)
    • ►  September (24)
    • ►  August (24)
    • ►  July (28)
    • ►  June (27)
    • ►  May (27)
    • ►  April (29)
    • ▼  March (23)
      • Tourism, Where China's Trade Deficit Grows
      • IMF Bails Out Ukraine...and Franklin Templeton?
      • IMF Masochism: Another Ukraine Rescue Package
      • First! London Offers RMB Clearing Outside Asia
      • Meeting the Moneybags: Argentina Faces Paris Club
      • South-South Trade: LDCs Doin' It for Themselves
      • Belgium, America's Third Largest Creditor [Sort Of]
      • Bailout Fatigue: Republicans, Ukraine and IMF Funding
      • Can Israel's 'Silicon Wadi' Solve California's Dro...
      • Loonie Left: Air Canada Ditches Venezuela
      • Payback Time: Does US Use WTO to Kick Russia?
      • Putting Alitalia & Qantas Out of Their Misery
      • The Semi-Unfixables: Cyprus, Tunisia
      • Chumpions League: Gazprom, Putin & Schalke 04
      • PRC Landmark: Interest Rate Liberalization by 2016
      • Crappier Than the West's: PRC Credit Rating Agencies
      • Are Stolen Passports Really That Common?
      • PRC 'Bear Stearns Moment': 1st Local Bond Default
      • If Chinese Cars Can't Sell at Home...
      • What's Worse, Russian Ruble or Ukranian Hryvnia?
      • Double or Nothing: Can Malaysians Revive Las Vegas?
      • If I Were the West, I'd Let Russia 'Have' Ukraine
      • Migration's Goons? Repatriation Companies in Singa...
    • ►  February (18)
    • ►  January (20)
  • ►  2013 (183)
    • ►  December (15)
    • ►  November (17)
    • ►  October (19)
    • ►  September (21)
    • ►  August (14)
    • ►  July (17)
    • ►  June (16)
    • ►  May (8)
    • ►  April (9)
    • ►  March (13)
    • ►  February (14)
    • ►  January (20)
  • ►  2012 (4)
    • ►  December (4)
Powered by Blogger.

About Me

Vicky daru
View my complete profile