Business development in the Republic of Belarus within the framework of accession to the World Trade Organization
The article deals with conditions, causes and impact of external and internal environmental factors on doing business in the Republic of Belarus within the framework of integration into the World Trade Organization (WTO). Research aims to analyze the impact of foreign trade on the development of Belarusian economy in general, as well as development of principal directions of national policy in order to promote business initiatives within the framework of integration into the WTO. The author identifies major benefits that Belarus is to receive under the condition of accession to the WTO. Analytical parameters of foreign trade with countries of the Customs Union are considered. Key problems concerning accession of the Republic of Belarus to the WTO are identified and corresponding tasks that require prompt decisions are stated. Scientific novelty consists in determining advantages for Belarusian business entities in promotion of goods and services on the international market and in risks identification of Belarus’ accession to the World Trade Organization.