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Russia Shows Business Promise, Problems

By John S. McClenahen Commerce Secretary Donald Evans and 14 business executives are winding up the first trade mission to Russia led by an American commerce secretary in seven years. "There is no doubt in my mind that Russia wants a more open, transparent, and investment-driven economy," Evans said shortly before the trip began. But the secretary also indicated Russia has some unfinished items of business to take care of before it can be a full participant in the global economy. Among reforms still needed: adoption of international accounting standards, recognition and protection of intellectual property rights, and enforcement of court awards and arbitration adjustments.

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