House Committee Schedules Hearing on Russia PNTR
The House Ways and Means Committee scheduled a hearing on Russia’s accession to the World Trade Organization (WTO) and granting Russia permanent normal trade relations (PNTR), said Committee Chairman Dave Camp (R-Mich.) The hearing will be June 20 in 1100 Longworth House Office Building. The first panel will consist of Administration witnesses and will begin at 9:30 a.m. The second panel, of private sector witnesses, will begin at 2 p.m., said Camp's office.
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“We should explore every opportunity to open markets for U.S. employers, workers, farmers, and ranchers," said Camp. Granting Russia PNTR is a way to create American jobs and increase our exports. If Congress does not grant Russia PNTR, the benefits of Russia’s membership in the WTO will go only to our foreign competitors. Clearly, there are non-economic concerns with Russia, but blocking PNTR does not increase our leverage in addressing those items. I look forward to the Administration’s active engagement on all of the issues surrounding Russia PNTR.”
(See ITT's Online Archives 12061238 for summary of a Senate bill that would give Russia PNTR).