"Russia has much to bring to the party in terms of its potential contribution to world trade," OECD Secretary-General Angel Gurria said in a statement. The OECD invited Russia to open membership talks in 2007.
"In the context of the membership talks, Russia will now undergo detailed reviews by specialised OECD committees covering almost all areas of government, from corporate governance and fighting corruption to investment, competition, labour policy and the environment," the statement said.
"In the course of this process, it will be called upon to show how it complies with more than 200 OECD legal instruments and standards," it said.
(Bloomberg, Reuters)
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