They have been rolling off assembly lines in unprecedented numbers since the country's accession to the WTO pushed down prices of imports and so helped to stimulate the market as a whole.
And our teams have been working intensively around the issue of Russian accession to the WTO.
WHITEHOUSE: President Obama and President Medvedev Meet Before G8 Summit | The White House
Over the last three years, the United States and Russia have been able to make significant progress on a wide range of issues, including the New START Treaty, the 1, 2, 3 Agreement, the work we've done on Russia's accession to the WTO, and setting up a presidential process whereby issues of trade and commerce, science, technology are all discussed at a much more intensive level.
Deepening economic cooperation between the United States and Russia in commercial ties will certainly be on the agenda as well, given Russia's accession to the WTO, our continued efforts, again, to get greater access for U.S. businesses to Russian markets.
One result would be better relations with key trading partners and quicker accession to the WTO.
Given Russia's accession to the WTO, which the United States strongly supported, we want to see our businesses get access to those Russian markets.
We think that Russian accession to the WTO will be good for the Russian economy, will be good for the U.S. economy, it will be good for the world economy.
WHITEHOUSE: President Obama and President Medvedev Meet Before G8 Summit | The White House
While accession to the WTO is not high on the list of the current leadership in the Kremlin, private investors like David Bonderman of TPG Capital have said that entry into the organization would ultimately help modernize Russian corporate law and transparency.
Under the WTO accession, Russia will have to lift these duties and that will hurt the locals.
In its WTO accession agreement, China also committed to simplify and streamline the approval process for wireless communications equipment into a single process but has not yet done so.
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