House to vote on bill normalizing Russian trade - WKOW 27: Madison, WI Breaking News, Weather and Sports

House to vote on bill normalizing Russian trade

Posted:

WASHINGTON (WKOW) -- The House is set to remove a Cold War obstacle to trade with Russia that has stymied American exporters seeking to take advantage of Russia's newly liberalized trade practices.

Russia's entry into the World Trade Organization in August requires it to lower tariffs and take other market-opening measures. But unless Congress acts to eliminate a 1974 measure linking trade to the emigration of Soviet Jews and other minorities, U.S. businesses will be shut off from the benefits available to the WTO's other 155 members.

Establishing permanent normal trade relations with Russia has been a top trade priority for both the business community and the administration. But the House Republican leadership, sensitive to the overall poor relations between Washington and Moscow, held off on bringing up the bill before the election.

Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and WKOW. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service and Mobile Privacy Policy & Terms of Service.

Persons with disabilities who need assistance with issues relating to the content of this station's public inspection file should contact Anna Engelhart at 608-661-2767. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, at 888-835-5322 (TTY) or at fccinfo@fcc.gov.