Home / Knowledge / News / Apparel/Garments / Russian WTO membership will help EU apparel retailers
Russian WTO membership will help EU apparel retailers
28
Nov '11
Russian Federation is soon to get the membership of the World Trade Organization (WTO) and this is likely to help EU apparel retailers to set up shops in Russia.

With the Working Party on the Accession of the Russian Federation to the WTO adopting the accession package on 10 November 2011, Russia is now a step closer to acquiring the membership. The WTO Ministerial Conference to be held from 15 - 17 December, 2011 in Geneva, Switzerland is expected to approve the documents and formally accept Russia as a WTO Member.

Speaking on the subject with fibre2fashion, a senior official at EuroCommerce, said, “Russia's accession to the WTO would make it easier for EU apparel retailers to launch outlets in Russia.”

“Post-accession, both Russia and the EU will be subject to the same set of rules that will be respected by both nations. This will bring more stability in the market,” according to Mr. Ralph Kamphöner, senior international trade advisor at EuroCommerce, which represents the retail, wholesale and international trade sectors in Europe.

Elaborating further, he stated, “Apart from the fact that those who want to open retail outlets will be able to do so based on general agreement on certain services, it will also establish disciplines for traders and so they will also be under much more stable legal framework.”

He further emphasized, “It would be important for the European retailers to enter the Russian market and get their domestic people in the Russian market as well.”

Fibre2fashion News Desk - India


Must ReadView All

Courtesy: Business wire

Textiles | On 28th Jul 2017

Taiwan launches new products at Outdoor Retailer show

The Taiwan External Trade Development Council (TAITRA) hosted the...

Textiles | On 28th Jul 2017

Clariant, Huntsman present update on planned merger

Clariant and Huntsman Corporation have presented a first update on...

Fashion | On 28th Jul 2017

Kering’s first half consolidated revenue up 28.2%

Kering has announced a consolidated revenue of €7,296.2 million for...

Interviews View All

Veronique Lee
Modavanti

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Headhonchos
Indian fashion industry

Cotton consumption will keep growing in the Indian fashion industry

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
61.1%
No
22.2%
Skip
16.7%

Total Votes: 18

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
33.3%
No
44.4%
Skip
22.2%

Total Votes: 18

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
83.3%
No
5.6%
Skip
11.1%

Total Votes: 18

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
50.0%
No
11.1%
Skip
38.9%

Total Votes: 18


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X