WASHINGTON — August 22, 2012 — United States Trade Representative Ron Kirk today released a
statement welcoming Russia as the 156th Member of the World Trade Organization (WTO).
“We congratulate Russia on joining the World Trade Organization. Russia’s WTO
membership opens the door to increased opportunities for American companies to export and sell
products and services in Russia,” said Ambassador Kirk. “However, in order for American
manufacturers, workers, service providers, farmers and ranchers to take full advantage of Russia’s
WTO membership, Congress must act to terminate Jackson-Vanik and authorize permanent normal trade
relations for Russia. As President Obama has said, he is committed to working with Congress
to pass this legislation as soon as possible, so American businesses will not be at a competitive
disadvantage in Russian markets.”
On July 18, the Senate Finance Committee approved a bill terminating the application of the
Jackson-Vanik amendment and authorizing the President to extend Permanent Normal Trade Relations
(PNTR) to Russia. On July 26, the House Ways & Means Committee approved a similar
bill. Only when the United States and Russia can apply the WTO Agreement between them will
American businesses and workers be able to reap the full benefits of Russia’s WTO membership.
Posted on August 28, 2012
Source: USTR
