From The CATO Institute and The Heritage Foundation:
International Trade/Finance
Trading with the Bear: Why Russia’s Entry into the WTO is in America’s Interest
by Daniel Griswold, Douglas Petersen
Cato Institute
December 06, 2011
Russia is poised to join the World Trade Organization (WTO). To enjoy the enhanced access to Russia’s market, the U.S. government will need to grant permanent normal trade relations (PNTR) to the Russian Federation which means repealing the Jackson-Vanik Amendment. Russia is a major yet still underdeveloped market for a range of American exports. If U.S. exporters are not granted the more favorable access under Russia’s accession protocol, they will face discriminatory tariffs that will put them at a disadvantage against competitors in other major trading nations. That market share, once lost, would be difficult to regain. Granting PNTR to Russia thus becomes important to promoting U.S. trade as a sustainable boost to the sputtering U.S. economy.
URL: www.cato.org/pubs/ftb/FTB-046.pdf
International Trade/Finance
Trading with the Bear: Why Russia’s Entry into the WTO is in America’s Interest
by Daniel Griswold, Douglas Petersen
Cato Institute
December 06, 2011
Russia is poised to join the World Trade Organization (WTO). To enjoy the enhanced access to Russia’s market, the U.S. government will need to grant permanent normal trade relations (PNTR) to the Russian Federation which means repealing the Jackson-Vanik Amendment. Russia is a major yet still underdeveloped market for a range of American exports. If U.S. exporters are not granted the more favorable access under Russia’s accession protocol, they will face discriminatory tariffs that will put them at a disadvantage against competitors in other major trading nations. That market share, once lost, would be difficult to regain. Granting PNTR to Russia thus becomes important to promoting U.S. trade as a sustainable boost to the sputtering U.S. economy.
URL: www.cato.org/pubs/ftb/FTB-046.pdf
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