Previous hopes of a breakthrough on WTO entry collapsed as negotiators failed to clinch a deal at the G8 summit in July.
And China's WTO entry is unlikely to reduce the number of regulations.
Foreigners already control so much of the handset market that WTO entry isn't likely to cause new losses to China's domestic manufacturers.
Foreign brands remained dominant at the time of China's WTO entry.
The Russian economy, likewise, will not receive a massive jolt from WTO entry, but it will get a very modest push into more rapid and sustainable growth.
U.S. officials see a China motivated by a desire for a smooth leadership transition and more global interaction and prestige tied to its WTO entry and the coming 2008 Olympic Games in Beijing.
Russia's entry into the WTO, at long last, is welcome, but its motives are uncertain.
Unfortunately, the PRC's entry into the WTO could greatly facilitate this sort of bait-and-switch scheme.
But it appears the Administration will block Taiwan's entry into the WTO until after Beijing is admitted.
As Vedomosti, Russia's business daily, points out, Mr Putin has always been the real obstacle to Russia's entry into the WTO.
Passage of legislation granting China PNTR is necessary for the United States to gain the benefits of China's entry into the WTO.
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Medvedev also denied claims that he and Prime Minister Vladimir Putin are at odds over how Russia should seek entry into the WTO.
The tariff ceiling for agriculture products is expected to drop to 10.8% from 13.2% and for manufactured goods it will go from 9.5% to 7.3% The final bound import rate will be in place on the date of entry into the WTO on most goods, with roughly 25% of future tariff cuts to be implemented three years later.
Mr Bush also reiterated his strong backing for Russia's entry to the World Trade Organisation (WTO), which may happen as soon as this year.
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Thanks to the WTO, foreign firms are no longer required to hand over technology in exchange for entry to China's market.
WTO's 135 members, notably the European Union, have yet to agree entry terms with China, and America's Congress has to endorse the deal.
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