because
Russia is prohibited from receiving unconditional and permanent NTR under Title
IV of the Trade Act of 1974.
The
change would likely occur in the form of legislation to eliminate the
application of Title IV to trade with Russia. Title IV includes the Jackson-Vanik
amendment. Extension of PNTR has implications for Russia’s accession to the
World Trade Organization (WTO). The WTO requires its members to extend
immediate and unconditional nondiscriminatory treatment to the goods and
services of all other members. As a result, the United States invoked “non-application”
of WTO rules to its trade relationship with Russia.
The
process for Russia’s accession has been completed. As a result, Members of the
112th Congress confront the issue of
whether to grant Russia permanent normal trade relations (PNTR).
The Chamber has a long history of support for trade liberalization and free and fair trade practices. In continuing that advocacy, the Chamber has joined with other Washington State businesses and business organizations encouraging the granting of PNTR to Russia.
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