UPDATE 1-US hopes to move Russia WTO membership forward

(Updates with quotes)

WASHINGTON, Nov 1 (BestGrowthStock) – The White House said on Monday the
United States had resolved its issues with Moscow on Russia’s entry
into the World Trade Organization and would work with international
partners to move the membership process forward.

“President (Barack) Obama and President (Dmitry) Medvedev
made a strong commitment to each other earlier this year to
work on a very fast timetable to resolve the outstanding issues
between our countries,” Michael Froman, White House deputy
national security adviser, told reporters.

“On a bilateral basis our major outstanding issues are now
resolved and that’s a very significant step forward toward Russia’s
WTO accession.”

Russia, whose $1.2 trillion economy depends heavily on
natural resources exports, is the largest country still outside
the 153-member WTO.

“We will be working with Russia, with the EU and with the
other members of the multilateral process to try and move this
process forward toward their accession as early as possible,” Froman
said.

(Reporting by Jeff Mason and Alister Bull; Editing by Bill
Trott)

UPDATE 1-US hopes to move Russia WTO membership forward