U.S. business hopeful Congress passes Russia trade bill in September

Tuesday, 21 August 2012

A U.S. business group on Tuesday said they were hopeful Congress would approve a bill to upgrade U.S. trade relations with Russia after it returns from a month-long break and warned that U.S. companies would lose business if lawmakers don't act.

Dan O'Flaherty, vice president at the National Foreign Trade Council, said the group was gearing up its lobbying efforts for a vote in the House of Representatives as early as September 12, which it hopes will be followed by quick Senate action.

If not, U.S. exporters will be left at a significant disadvantage to competitors in Europe, Asia and elsewhere around the world after Russia formally enters the World Trade Organization on Wednesday, O'Flaherty said.

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