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Thursday, March 22, 2012

postheadericon Trade relations with Russia will be a boost to the U.S.

If there is one thing Congress can agree on during an election year, it is a policy that will spur job creation, boost economic growth and be budget neutral at the same time. Here is why authorizing permanent normal trade relations (PNTR) for Russia will accomplish all three.  
 
Members of the World Trade Organization (WTO) formally approved late last year Russia’s terms for membership in the organization during a three-day meeting of the WTO’s ministerial conference in Geneva.   Russia will take its seat at the WTO 30 days after notifying the organization that the Russian Duma has ratified the membership terms.

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