House Ways & Means Committee Passes PNTR Bill

By July 26, 2012Trade

The House Ways & Means Committee by voice vote today backed a bill to grant Permanent Normal Trade Relations (PNTR) with Russia. The NAM sent a letter to the House Ways & Means Committee leadership on Wednesday to support swift action on PNTR.

Russia will officially join the WTO on August 22. The accession agreement, which was agreed to in December 2011 after 18 years of negotiations, includes several important commitments from Russia on a variety of issues. The agreement requires Russia to reduce tariffs on a range of manufactured products, open its services markets to U.S. firms, ensure greater respect for the rule of law, better protect intellectual property, significantly cut the maximum customs clearance fee, allow trade disputes to play out in the WTO’s dispute settlement system, and safeguard foreign investors.

You can learn more about benefits of PNTR at the NAM’s web page, with resources and information about PNTR with Russia. You can also take action and contact your Congressman or Senators here.

Lauren Airey is director of trade facilitation policy, National Association of Manufacturers.

Lauren Wilk

Lauren Wilk

Director of Trade Facilitation Policy at National Association of Manufacturers
Lauren Wilk is the Director of Trade Facilitation Policy for the National Association of Manufacturers (NAM). In that capacity, Lauren works with NAM member companies to develop and advocate the association’s position on export controls, sanctions, export credit and financing, international investment, trade facilitation and customs issues, export promotion and other policies related to national security and global competitiveness. She currently serves on the steering committee of the Coalition for Security and Competitiveness and the Exporters for Ex-Im Coalition.
Lauren Wilk

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