President Obama Signs Russia Trade Bill

Friday, 14 December 2012
The Hill

President Obama signed trade legislation on Friday granting permanent normal trade relations (PNTR) to Russia and Moldova and punishing human rights violators involved in the death of a whistleblower lawyer who exposed government corruption.

... Business groups had made passage of a bill its top trade priority for the year and had spent the better part of the past six months pressing Congress to pass the legislation. Lawmakers returned after the elections and quickly moved the measure.

... The National Foreign Trade Council (NFTC) said the law will provide "greater access to this critical market."

“With Russia PNTR, U.S. companies, service providers, farmers and workers can now reap the benefits of Russia’s WTO membership and compete on a level playing field.”

Click here to read the full article.