The Communist party again proposes to denounce the Protocol on Russia’s accession to the WTO

© RIA Novosti / Maxim to Bogodeeva in fotobanka of the Communist party. Archival photo<img src="/wp-content/uploads/sites/5/2018/01/311f68794dc125cfd7a5b8c8787052d2.jpg" alt="The Communist party again proposes to denounce the Protocol on Russia’s accession to the WTO" />© RIA Novosti / Maxim to Bogodeeva the image Bank

Communist party deputies propose to denounce the Protocol on Russia’s accession to the world trade organization (WTO), the bill introduced by deputies to the state Duma.

Earlier the state Duma at the proposal of the Communists instructed the Committee on economic policy, industry, innovative development and entrepreneurship to request government information on losses and profits in sectors of the Russian economy since the country’s accession to the WTO, the status of the protection of trading interests of the Russian Federation in the courts, as well as on expediency of the further stay of Russia to the WTO.

«To denounce the Protocol on the accession of the Russian Federation to the Marrakesh agreement establishing the world trade organization of 15 April 1994, signed in Geneva on 16 December 2011», — the text of the draft law.

In support of its position, the deputies of the Communist party lead the various economic data. They report that the WTO rules oblige the Russian Federation to align the tariffs for services of natural monopolies to the level of other WTO members. To avoid the penalties in the country systematically, year after year, began to rise the tariffs for fuel, utilities, abolished subsidies and subsidies, increased direct charges and indirect taxes. The authors emphasize that when accounting for budget expenditures estimated losses of Russia from the WTO are 871,3 billion over the past five years.

The obvious benefit from the presence of Russia in the world trade organization is not considered to be Communists. In addition, the imposition of economic sanctions against Russia suggests that the WTO does not protect the country from the tyranny of the international oligarchy and political insinuations, they indicate. According to deputies of the Communist party, the consequences of withdrawal from the WTO will not impact negatively on the economic development of Russia.

In July 2017, a group of deputies from the Communist party submitted for consideration the state Duma a similar document that was not supported in the lower house of the Russian Parliament.