Posts Tagged ‘pntr’

28
March 2012

Will Russia Graduate From The Jackson-Vanik Amendment? By Krickus

The Lithuania Tribune

The Obama administration wants to scrap the Jackson-Vanik amendment, a Cold War relic that could compromise American economic interests after Russia enters the World Trade Organization (WTO). U.S. firms could be denied access to the Russian market and those operating in it would not be protected by WTO rules. But there are members of Congress in both parties who oppose granting Permanent Normal Trade Relations (PNTR) status to Moscow without a trade-off; namely in return for scrapping the amendment, the Obama administration will endorse passage of the Sergei Magnitsky Rule of Law Accountability Act—named after the human rights lawyer who died under government custody. It is designed to punish Russian officials who engage in human rights violations, illegally seize property, and falsify elections. Among other things, they will be subjected to visa and financial sanctions.

Some supporters of this trade-off are doing so out of principle. They believe that it will offer the Russian people protections against human rights violations. This is not the view of the Obama administration. Michael McFaul, the U.S. Ambassador to Russia opposes linking wider commercial relations between Moscow and Washington to human rights. He argues that it will not advance Russia’s march towards democracy. Instead he urges congress to provide $50 million dollars to Russian NGO’s to enhance their capacity to build a civil society and notes as well that visa bans have already been issued against some Russian officials.

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16
March 2012

KYL STATEMENT AT FINANCE COMMITTEE HEARING EXAMINING RUSSIA’S ACCESSION TO THE WORLD TRADE ORGANIZATION

Senate Committee on Finance

U.S. Senator Jon Kyl (R-Ariz.), a senior member of the U.S. Senate Finance Committee, delivered the following opening statement today at a committee hearing examining the accession of Russia to the World Trade Organization (WTO):

Thank you, Mr. Chairman. I think that I understand the message this hearing is meant to convey: “American businesses want access to Russian markets. We should repeal JacksonVanik and grant Russia Permanent Normal Trade Relations without delay and without conditions. It’s a slam dunk.”

But it isn’t a slam dunk.

Let’s stipulate that American businesses, farmers, and ranchers should be able to sell products to Russia, and that free trade is important and beneficial to the United States.

We still need to determine whether America is getting a good deal through Russia’s WTO accession, and whether more should be done to protect our interests. For example, Russia has never ratified the bilateral investment treaty that the Senate ratified years ago. That treaty would prevent Russia from expropriating businesses, an admittedly big problem in Russia. This is a very basic economic right that isn’t being protected.

In addition, one of our witnesses will discuss Russia’s failure to remit royalties, which is also not
directly covered by the WTO agreements.

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15
March 2012

Sen. Kyl takes strong stand against top Obama administration trade priority

The Hill

The number two Republican in the Senate on Thursday threw a wrench into White House plans for quick passage of a Russia trade bill.

Senate Minority Whip Jon Kyl (R-Ariz.) flagged his opposition to granting Russia permanent normal trade relations (PNTR). The Russia bill is the top trade priority of the Obama administration this year.

Russia is slated to join the World Trade Organization this summer. If Congress does not repeal the so-called Jackson-Vanik amendment, a Cold War-era law which makes trade relations conditional on Russia allowing free emigration, Russia will be allowed to retaliate against U.S. exporters.

“I think that I understand the message this hearing is meant to convey: ‘American businesses want access to Russian markets. We should repeal Jackson-Vanik and grant Russia Permanent Normal Trade Relations without delay and without conditions. It’s a slam dunk.’ But it isn’t a slam dunk,” Kyl told a Finance Committee hearing.

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