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NAEDA

Senate Finance Committee pass PNTR for Russia

Posted: 7/18/2012 | Views: 4764
Senate Finance Committee Chairman Max Baucus (D-Mont.) today applauded the Committee’s unanimous approval of his bill establishing permanent normal trade relations (PNTR) with Russia and removing Russia from the 1974 Jackson-Vanik amendment.  Chairman Baucus’s bill will enable U.S. businesses to create jobs here at home by capitalizing on Russia’s growing market.  The legislation supports and creates thousands of U.S. jobs across every sector of the American economy, including manufacturing, agriculture and services, by helping double U.S. exports to Russia within five years. 

NAEDA has supported passage of this legislation because of the jobs that can be created and the potential for increased trade.

To read the full press release, look under Recent News of the Committee.

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