Economy Minister speaks in favor of accession to WTO

The implementation of six directions of the program of Russia's social and economic development in the period from 2003 to 2005 will enable the country to achieve a 7-8 percent economic growth, Russian Economy Minister German Gref told journalists after today's government meeting.

According to the minister, it is necessary to eliminate structural misbalance between the processing and raw material producing sectors of economy. It is also necessary to improve the system of state regulation and at the same time decrease the state's participation in the economy. In particular, it concerns administrative barriers. The minister believes that the process of Russia's accession to the WTO should be accelerated.

One of the directions of the program is the development of transportation, communications, public services, financial and stock markets and the creation of exchanges, Gref noted.