ITA Lists WTO Benefits by Sector if Congress Acts on Russia
The International Trade Administration has announced that on December 16, 2011, Trade Ministers approved the terms of Russia’s accession and issued a formal invitation for Russia to join the World Trade Organization as its 155th Member. In order to highlight the tariff and non-tariff commitments Russia is undertaking in key U.S. export sectors, the ITA has made available 18 "Sector Opportunity Reports." In addition, the State Opportunity Reports outline the opportunities and benefits for Russia’s WTO accession for each state, their companies, workers, farmers, and ranchers.
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(See ITT's Online Archives 11122224 for summary stating that Congress needs to revoke the application of the Jackson-Vanik amendment to Russia and extend permanent normal trading relations (PNTR) to the country in order for Russia's WTO commitments to apply to the U.S.)
"Sector Opportunity Reports" are issued for the following industries:
- Aerospace
- Agricultural Equipment
- Building Products
- Chemicals
- Construction Equipment
- Consumer Goods
- Electrical Equipment
- Forest Products
- High-Tech Instruments
- Information and Communications Technologies (ICT)
- Machinery
- Medical Equipment
- Metals and Ores
- Services
- Shipping and Transportation Equipment
- Textiles, Apparel, Footwear, and Travel Goods
- Agricultural Goods (prepared by USDA and USTR)
State Opportunity Reports cover each of the 50 United States.
(See ITT's Online Archives 11121625 for summary of USTR's support for the WTO Minister's invitation to Russia to join WTO.
See ITT's Online Archives 11122019 for summary of Presidential memo stating that Russia's agreed measures on State-owned enterprises is sufficient, as Russia has made certain commitments regarding these enterprises in its WTO Protocol of Accession.)