OREANDA-NEWS. December 08, 2010. Accession to the World Trade Organization and the conclusion of a new trade agreement with the EU should secure the Russian economy a fiscal effect of some USD 300 bn over the next 4-5 years, CEO of Rosnano, Anatoly Chubais told journalists while in Brussels.

The estimate is based upon data of the Case research center. Chubais added that, in experts’ opinion, accession to the WTO should secure Russia an annual GDP surplus of 1.2%, while the new agreement with the EU could bring it an additional 2.5% GDP growth per year.

Chubais is sure Russia has chance to join the WTO and sign a new trade agreement with the European Union by the end of 2011. In this case, the accords could come into force in 2012 and bring in some USD 300 bn over 2012-2015.