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PNTR with Russia is U.S. Business Top Legislative Trade Priority for 2012
17 February 2012
PNTR with Russia is U.S. Business Top Legislative Trade Priority for 2012

  • Russia is the worlds 11th largest economy and U.S. manufacturers, service providers and farmers are benefitting from Russias growing demand for goods and services.
  • When Russia joins the World Trade Organization (WTO) in the coming months, it will improve its business climate, committing to intellectual property protection, eliminating non-tariff barriers, and liberalizing key sectors such as services.
  • The United States will not benefit from such market reforms unless Congress passes legislation to graduate Russia from the Jackson-Vanik amendment and establishes Permanent Normal Trade Relations (PNTR).  
  • PNTR also gives the United States a powerful tool to ensure that Russia abides by those commitments through binding WTO dispute settlement.

What is Jackson-Vanik?

  • The Jackson-Vanik amendment to the Trade Act of 1974, a provision unique to the United States, was enacted to end the policy that prevented emigration of Jews from the Soviet Union.
  • The legislation has been successful with respect to Russia: in 1991, Russia terminated its exit fees on Jewish emigrants, and today Russian Jews freely emigrate.  Since 1994, U.S. presidents of both parties have certified annually that Russia complies with Jackson-Vanik, and the United States maintains Normal Trade Relations (NTR) with Russia.
  • Now is the time for Congress to end this certification process and make this normal trading status permanent

Why is Congressional Action Important?

  • If Congress fails to enact PNTR with Russia, U.S. industry will be on the sidelines of Russias market, at a disadvantage when competing for job-creating sales and contracts.

 

Russia PNTR is for U.S.

 

Support PNTR with Russia

 

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