This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
See Cramer's multi-million dollar portfolio for FREE and get his new book Get Rich Carefully! Learn More

Dow Applauds Action Taken By The House In Supporting PNTR With Russia

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.

Stock quotes in this article: DOW 

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

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.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

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.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
DOW 16,262.56 +89.32 0.55%
S&P 500 1,842.98 +12.37 0.68%
NASDAQ 4,034.1610 +11.4670 0.29%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs