Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

US House Approves Bill on Trade Relations with Russia  Join our daily free Newsletter

MENAFN - Qatar News Agency - 17/11/2012

No. of Ratings : 0
Add to Mixx!


 


(MENAFN - Qatar News Agency) The US House of Representatives has approved a bill that would establish permanent normal trade relations (PNTR) with Russia for the first time since the end of the Soviet Union, aiming to seize growing export opportunities from Russia's market.

With the measure passed in a vote of 365-43, the United States made an important step toward removing Cold War trade restrictions and establishing permanent normal trade relations with Russia.

Those trade restrictions against Russia were imposed in 1974 by the US Congress. Russia is one of very few countries that still do not have normal trade status with the United States.

While Russia had joined the World Trade Organization (WTO), only countries that have permanent normal trade relations with it can take advantage of the lower trade barriers that come with WTO membership.

Recently, American businesses have been lobbying for the passage of the bill, which can prevent discrimination against American companies which want to enter Russian market, and lead to a doubling of US exports to Russia.

The bill currently has been sent to the Senate, and the Democratic leadership has said it would consider it promptly despite differences between the House and the Senate.

 






  MENA News Headlines


 






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country
Marketwatch News
UPI News
Comtex News

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help