VOICED: Looming WTO entry breeds controversy in Ru

The video discusses Russia's anticipated entry into the World Trade Organization (WTO) and its potential impacts on various sectors. While the poultry industry may benefit from new export opportunities, the agricultural sector fears increased competition from cheaper imports. Some industries, like shoe manufacturing, see potential for growth due to reduced tariffs. Overall, Russia's integration into the global economy is expected to bring productivity gains, though the transition may challenge some businesses.

What is one potential outcome for Russian companies as the country joins the WTO?

• All companies will thrive without any challenges.

• All companies will go bankrupt.

• Some companies may go bankrupt, while others may thrive.

• The economy will remain unchanged.

What is a major concern for the Russian agriculture sector with the WTO entry?

• Improved modernization of agricultural practices.

• Increased imports leading to job losses in agriculture.

• Decreased competition from foreign markets.

• Increased exports of Russian produce.

What percentage of food does Russia currently import?

• 100%

• 75%

• 50%

• 25%

How has the shoe-making firm benefited from Russia's trade policy changes?

• By exporting more shoes to foreign markets.

• By benefiting from lower prices on imported materials.

• By increasing its workforce.

• By reducing its production costs.

What is a potential benefit for Russian companies after joining the WTO?

• Increased isolation from global markets.

• Simplified financial laws attracting foreign investors.

• Higher tariffs on all imports.

• Decreased interest from foreign investors.