This Day On The Street
Continue to site
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

Business Community Coalition Applauds Senate Action To Take Up Russia PNTR Bill, Encourages Swift Passage

WASHINGTON, Dec. 4, 2012 /PRNewswire-USNewswire/ -- The Coalition for U.S.-Russia Trade applauded today's procedural motion by Senate Majority Leader Harry Reid which makes Russia's removal from the Jackson-Vanik amendment and Permanent Normal Trade Relations (PNTR) with Russia the next item of legislative business in the U.S. Senate.

(Logo: )

The Coalition is a broad-based group of manufacturers, service providers and farmers that has organized the business community's outreach to Capitol Hill on Russia PNTR.  It is led by the U.S.-Russia Business Council.

Russia PNTR makes Russia's commitments in the World Trade Organization's (WTO) rules-based system fully accessible to U.S. business, and it empowers U.S. business to defend its rights in the Russian market.  Since August, 155 other countries have enjoyed the full range of new market-opening measures Russia committed to in joining the WTO and the ability to enforce those commitments – but U.S. businesses have not.  For example, Russia PNTR enables U.S. business to take advantage of new commitments by Russia in services, animal and plant health regulations and intellectual property protection that Russia assumed in becoming a WTO member, as well as measures that facilitate greater regulatory transparency and accountability in the Russian market.

"We are delighted to see the Senate moving to consideration of Russia PNTR," said the Coalition's Executive Director Randi Levinas. "This is a bill that saw strong bipartisan support in the House, passing 365-43, because it is a vote for U.S. jobs and the U.S. economy.  The Senate should follow suit and pass the House bill quickly without amendment so that the President can sign this into law as soon as possible."

Russia has a GDP of $1.9 trillion, and it imported approximately $400 billion last year in goods and services. Russia's 142 million consumers appreciate high quality, and the country is seeking to improve its infrastructure and modernize its industrial base.  U.S. exports to Russia grew 25% in the first three quarters of 2012 compared to 2011, and top U.S. exports are seeing strong growth in aircraft, motor vehicles, machinery and machinery parts, meat, electric generators and telephone sets. With PNTR in place, experts have estimated that U.S. exports to Russia could double within 5 years.    

The Coalition for U.S.-Russia Trade is a broad-based group of  U.S. corporations, trade associations and small businesses actively seeking to increase U.S. exports and jobs with increased trade with Russia. The Coalition is committed to ensuring the enactment of Permanent Normal Trade Relations with Russia in order to preserve the competitiveness of U.S. firms, farmers and workers in the Russian market. The Coalition is housed at the U.S.-Russia Business Council ( ) which serves as the Secretariat for the Coalition.  For more information, please visit the Coalition's website at

SOURCE Coalition for U.S.-Russia Trade

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

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
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,812.19 +19.51 0.11%
S&P 500 2,089.14 +2.55 0.12%
NASDAQ 5,102.8080 +0.33 0.01%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs