House Approves Permanent Normal Trade Relations for Russia
Washington--The House of Representatives on Friday approved legislation granting Permanent Normal Trade Relations with Russia, on a 365-43 vote. The vote ensures the U.S. benefits from Russia’s accession to the World Trade Organization and remains competitive in that market. Farm Bureau has long urged approval of this critical legislation.
“America’s farmers and ranchers will have more certain and predictable market access as a result of Russia’s commitment not to raise tariffs on any products above the negotiated rates and to apply international food safety standards in a uniform and transparent manner,” said American Farm Bureau Federation President Bob Stallman. “Russia’s membership in the WTO will provide significant commercial opportunities for U.S. agriculture, including increased sales of poultry, pork and beef,” he said.
Farm Bureau urges the Senate to swiftly approve companion legislation granting PNTR to Russia.