Home / Knowledge / News / Textiles / USTR welcomes Russia as 156th WTO member

USTR welcomes Russia as 156th WTO member

25
Aug '12
United States Trade Representative (USTR) Ron Kirk released a statement welcoming Russia as the 156th Member of the World Trade Organization (WTO).

“We congratulate Russia on joining the World Trade Organization. Russia’s WTO membership opens the door to increased opportunities for American companies to export and sell products and services in Russia,” said Ambassador Kirk.

“However, in order for American manufacturers, workers, service providers, farmers and ranchers to take full advantage of Russia’s WTO membership, Congress must act to terminate Jackson-Vanik and authorize permanent normal trade relations for Russia.

“As President Obama has said, he is committed to working with Congress to pass this legislation as soon as possible, so American businesses will not be at a competitive disadvantage in Russian markets.”

On July 18, the Senate Finance Committee approved a bill terminating the application of the Jackson-Vanik amendment and authorizing the President to extend Permanent Normal Trade Relations (PNTR) to Russia. On July 26, the House Ways & Means Committee approved a similar bill.

Only when the United States and Russia can apply the WTO Agreement between them will American businesses and workers be able to reap the full benefits of Russia’s WTO membership.

U.S. Trade Representative


Must ReadView All

Pic: Shutterstock

Apparel/Garments | On 4th Aug 2021

US FTC votes to reverse course on repeal of fabric care labels

The US Federal Trade Commission (FTC) recently voted to retain the...

Pic: UKFT

Textiles | On 4th Aug 2021

UKFT to design & pilot new platform to drive sustainability in fashion

The UK Fashion & Textile Association (UKFT) has started working with...

Pic: Kontoor Brands/Wrangler

Apparel/Garments | On 4th Aug 2021

US’ Kontoor aims for sustainable growth with diversity & inclusivity

Kontoor Brands, an American apparel company with denim brands like...

Interviews View All

Florian Heubrandner, Lenzing AG

Florian Heubrandner
Lenzing AG

Cannot see the world breaking away from cotton & polyester

Textile Industry, Head honchos

Textile Industry
Head honchos

Occam's razor principle and purpose-driven innovations

Textile Industry, Head honchos

Textile Industry
Head honchos

Next level is to inject new features:

Raiyan Islam,

Raiyan Islam

Founded in 1981 by Sayeeful Islam, Concorde Garments Group is a market...

Barry Goodwin,

Barry Goodwin

UK based Amba Projex Ltd designs, manufactures, and installs industrial...

Amanda Cioletti,

Amanda Cioletti

The entertainment/character segment lead as the largest sector for the...

Dr Anup Rakshit, ITTA

Dr Anup Rakshit
ITTA

The Indian Technical Textile Association (ITTA) is the only association of ...

Michael Jaenecke, Messe Frankfurt

Michael Jaenecke
Messe Frankfurt

From May 14 to 17, international exhibitors will present the entire...

Wolfgang Plasser, Lenzing AG

Wolfgang Plasser
Lenzing AG

The Lenzing Group is an international company headquartered in Austria...

Abhishek Bajaj & Samiksha Bajaj, Samshek

Abhishek Bajaj & Samiksha Bajaj
Samshek

Samshek is a fashion forward tech brand which combines digital experience...

Anjali Bhaskar, Samatvam

Anjali Bhaskar
Samatvam

Samatvam, a womenswear brand that blends age-old craftsmanship with modern ...

Seema Gujral, Label Seema Gujral

Seema Gujral
Label Seema Gujral

<b>Seema Gujral</b>'s designs for her eponymous label revolve around...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


July 2021

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search