The Dow Chemical Company congratulates the United States House of Representatives for their strong bipartisan action to pass Permanent Normal Trade Relations (PNTR) for Russia. “PNTR means that American companies have a level playing field to access Russia’s fast-growing markets, which creates new opportunities for exports and ensures that U.S. manufacturers benefit from Russia’s now confirmed membership in the global rules-based trading system,” stated Andrew Liveris, Chairman and CEO of The Dow Chemical Company. “Dow urges the Senate to move forward quickly and vote in favor of PNTR and thereby demonstrate their commitment to American manufacturers, job creation and export promotion.”
Russia has tremendous potential as an export market for American goods, services and technologies, and as an investment destination. Russia’s World Trade Organization (WTO) accession commitments call for a wide range of market access opportunities, including: reducing tariffs, eliminating barriers and streamlining government and customs bureaucracy. Even further, membership in the WTO commits Russia to the international dispute settlement regimes, establishes concrete commitments to rule of law and tangible enforcement of intellectual property rights.
Russia became the 156th member of the WTO in August of this year. However, in the eighty plus days since Russia became a member of the WTO, all other countries are realizing these benefits, while U.S. companies continue to lose their competitive advantage. Immediate passage of the PNTR with Russia is critical to ensure American companies can compete equally.
Dow has a significant and sustained interest in growing operations in Russia. In 2011, Dow had annual sales of about $770 million (USD) and employed approximately 260 highly qualified specialists in this vibrant market. The WTO supports the types of investment opportunities we are already looking to create, including: sustaining and creating new American jobs, fostering innovation, expanding export opportunities, and most importantly, protecting our foreign investments.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.
- Jim Cramer + 20 Wall Street pros
- Intraday commentary & news
- Real-time trading forum
- Actionable trade ideas
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV