Over
the past month, both the House and Senate have approved, by large, bi-partisan
margins, legislation to authorize permanent normal trade relations (PNTR) with
Russia (House vote of 365 to 43 and Senate vote of 92 to 4).
The
Washington Council on International Trade, the Tacoma-Pierce Co. Chamber and
others have been working hard over the past year to ensure that this
opportunity became a reality.
Russia
is already one of our state's fastest-growing trading partners, and Washington
state businesses will now be able to take full advantage of the lower tariffs
and reduced trade barriers that come with Russia's accession to the World Trade
Organization (WTO).
Importantly,
this legislation - which now awaits Presidential signature - received unanimous support from the
Washington Congressional delegation. Once again, our state's elected
officials in Congress have demonstrated their understanding of the importance of
strong, pro-trade policies that increase Washington's international
competitiveness.
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