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NFTC Commends Ways and Means Committee for Holding Russia PNTR Hearing
Date: 6/20/2012
Written By: Jennifer Cummings, The Fratelli Group for NFTC, (202) 822-9491

Washington DC – The National Foreign Trade Council (NFTC) today commended the House Ways and Means Committee for holding a hearing on Russia's accession to the World Trade Organization (WTO) and establishing permanent normal trade relations (PNTR) with Russia. The NFTC released the following statement:

"With Russia's accession to the WTO quickly approaching this summer, the NFTC applauds the Ways and Means Committee for holding today's hearing to discuss Russia PNTR. Granting Russia PNTR would expand U.S. access in one of the largest marketplaces in the world, benefitting the U.S. economy and exporters and the millions of Americans they employ.

"The United States cannot afford to delay in granting Russia PNTR. This is the most pressing issue on the U.S. trade agenda. We strongly urge Congress to take immediate action and pass PNTR legislation before the August recess to ensure that U.S. companies can compete on a level playing field in Russia.

"We share the view held by U.S. Trade Representative Ron Kirk and Ways and Means Committee Chairman Dave Camp that PNTR should be granted in a clean bill."
 

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About the NFTC
Advancing Global Commerce for Nearly A Century- The National Foreign Trade Council (www.nftc.org) is a leading business organization advocating an open, rules-based global trading system. Founded in 1914 by a broad-based group of American companies, the NFTC now serves hundreds of member companies through its offices in Washington and New York.
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