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Monday, March 8, 2010

Permanent Normal Trade Relations (PNTR) Status for Russia and U.S.-Russian Economic Ties

William H. Cooper
Specialist in International Trade and Finance

The change in Russia's trade status will require legislation to lift the restrictions currently applied to Russia under Title IV of the Trade Act of 1974, which includes the "freedom-of-emigration" requirements of the Jackson-Vanik amendment. On November 19, 2006, U.S. and Russian officials signed the bilateral agreement on Russia's accession to the World Trade Organization (WTO). This step allowed Russia to move closer to acceding to the WTO. Members may confront the issue of whether to grant Russia PNTR during the 111th Congress.

Date of Report: February 24, 2010
Number of Pages: 8
Order Number: RS21123
Price: $29.95

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