WTO ACCESSION CHALLENGES: CUSTOMS UNION OF RUSSIA, BELARUS AND KAZAKHSTAN AS THE STEP TOWARDS THIS “DREAM”

EXECUTIVE SUMMARY
WORLD TRADE ORGANIZATION
We live in the twentieth century – a time of dynamic changes in the Global Economy, associated with globalization. In International Trade Arena, the vast majority of the countries choose the free trade policy, which develops step by step: from Free Trade Area, a Custom Union into Common Market and Monetary and Economic Union.
Politicians and scientists believe that in 20-30 years Trade World will be subdivided into 2-3 intercontinental preferential zones with its own rules and free trade between the parties, but with external custom barriers in relation to other blocks or still will open the ways for mixing of regionalism and multilateralism based on common objectives and principles. Obviously, the development of the World economy and trade will lead to the formation of a single Global Free Market with the agreed rules and disciplines, which will be applicable to all countries.
The dominant position is such a direction takes the World Trade Organization (WTO). It was established on December 8, 1994 and began operating on 1 January, 1995 and is known to be a successor of the General Agreement on Tariffs and Trade (GATT). Here, a distinctive feature and the goal of WTO is the creation of international trade rules and disciplinary measures to ensure the conditions of a free international trade, based on mutually beneficial conditions, openness and equality of members. If after creation of GATT rates averaged 40%, now they are reduced to 5%. Almost 95 – 97% of the world trade value is regulated by WTO rules and it enables a reduction in the average level of customs duties of goods in world trade: * -------------------------------------------------
For industrialized countries – from 6.3% to 3.9% *