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

Rally demands public vote on Brexit; May holds meeting

Apparel/Garments | On 25th Mar 2019

Rally demands public vote on Brexit; May holds meeting

Thousands of people marched in London on March 23 calling for another ...

Vietnam's south turns strong South Korean investment hub

Textiles | On 25th Mar 2019

Vietnam's south turns strong South Korean investment hub

South Vietnam has turned a major investment destination for South...

Pic: Lanxess

Textiles | On 25th Mar 2019

Lanxess increasing capacity for benzyl alcohol

Specialty chemicals company Lanxess is increasing production capacity ...

Interviews View All

Top executives, Textile & apparel bodies

Top executives
Textile & apparel bodies

The mid-term review of FTP is progressive, growth oriented

Darshan Mehta, Infinium Polychem

Darshan Mehta
Infinium Polychem

We are spending double digit figures on R&D

Rahuul Jashnani, Jashn

Rahuul Jashnani
Jashn

‘Online economy has changed the whole dynamics of buying habits.’

Siddhachakra Weaving (Badiya Fashion),

Siddhachakra Weaving (Badiya Fashion)

Ahmedabad-based Siddhachakra Weaving Pvt Ltd was established in 2011 under ...

Ritu Ajbani & Neha Agarwal,

Ritu Ajbani & Neha Agarwal

Petit Royal, co-founded by entrepreneurs <b>Ritu Ajbani and Neha...

Rajat Jaipuria,

Rajat Jaipuria

Activewear brand Soul Space promotes organic cotton farming and...

Alfonso Marra, Klopman

Alfonso Marra
Klopman

It was in 1968 that Klopman introduced the concept of poly/cotton workwear ...

Suresh Patel, Sidwin Fabric

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Chunyi Zhi, City University of Hong Kong

Chunyi Zhi
City University of Hong Kong

<div><b>Chunyi Zhi</b>, associate professor in the Department of Materials ...

Jay Ramrakhiani, Occasions Elegance Wear

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Robert Brunner, Devereux

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Adriano Goldschmied, AG Jeans

Adriano Goldschmied
AG Jeans

The hype around 'designer jeans' was created by him. And the new wave of...

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


March 2019

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

news category


Related Categories:

Advanced Search