Automobile manufacturer Toyota has announced earlier today that the company will begin exporting the Venza model, which are assembled in the United States, to Russia and the Ukraine in 2013. This is positive news as manufacturers continue to work to find new export markets for products manufactured in the U.S.
The passage of Permanent Normal Trade Relations (PNTR) with Russia late last year was a big step in enabling manufacturers like Toyota to export to the growing and large Russian market. This legislation helps put manufacturers in the U.S. on a level playing field to better compete and sell goods in Russia.
Toyota expects to export about 5,000 Venza vehicles to Russia and the Ukraine this year. The cars are manufactured at Toyota’s Georgetown, Kentucky plant which employees approximately 6,600 employees.
Market opening agreements help manufacturers grow and create more jobs here in the U.S. Nearly 95 percent of the world’s consumer are outside of the U.S. We have to do more to make it easier for manufacturers in the U.S. to reach new markets which will allow them to prosper and flourish.
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