UPDATE 1-Russia could join WTO in 2011 - USTR Kirk
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UPDATE 1-Russia could join WTO in 2011 - USTR Kirk
by ToddS Tue Apr 05, 2011 6:30 pm
UPDATE 1-Russia could join WTO in 2011 - USTR Kirk
2011-04-05 19:51:04 GMT (Reuters)
WASHINGTON, April 5 (Reuters) - The top U.S. trade official on Tuesday said he expected Russia to finish its longtime bid to join the World Trade Organization in 2011 or 2012.
"It is now more likely than not that Russia will accede to the WTO, if not this year then the next year," U.S. Trade Representative Ron Kirk told a congressional panel.
Kirk also told lawmakers that President Barack Obama's administration wanted Congress to grant Russia permanent normal trade relations this year.
That would require both the House of Representatives and the Senate to lift a Cold War-era restriction on trade with Russia known as the Jackson-Vanik amendment.
Kirk told the panel that U.S. companies would not be able to fully benefit from the market-opening concessions Russia will make to join the WTO if Congress does not approve permanent normal trade relations.
(Reporting by Doug Palmer, Editing by Sandra Maler)
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2011-04-05 19:51:04 GMT (Reuters)
WASHINGTON, April 5 (Reuters) - The top U.S. trade official on Tuesday said he expected Russia to finish its longtime bid to join the World Trade Organization in 2011 or 2012.
"It is now more likely than not that Russia will accede to the WTO, if not this year then the next year," U.S. Trade Representative Ron Kirk told a congressional panel.
Kirk also told lawmakers that President Barack Obama's administration wanted Congress to grant Russia permanent normal trade relations this year.
That would require both the House of Representatives and the Senate to lift a Cold War-era restriction on trade with Russia known as the Jackson-Vanik amendment.
Kirk told the panel that U.S. companies would not be able to fully benefit from the market-opening concessions Russia will make to join the WTO if Congress does not approve permanent normal trade relations.
(Reporting by Doug Palmer, Editing by Sandra Maler)
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