Posts Tagged ‘thune’

13
June 2012

Russia, PNTR, and Human Rights

The Foundry

Progress on the ability of U.S. firms to take advantage of new business opportunities when Russia joins the World Trade Organization (WTO) took a step forward yesterday when Senate leaders acknowledged that legislation to promote human rights will be a condition needed for permanent normal trade relations (PNTR) to move forward, too.

Senators Max Baucus (D–MT), John McCain (R–AZ), John Thune (R–SD) and John Kerry (D–MA) introduced legislation to exempt Russia from the Cold War–era Jackson–Vanik Amendment restrictions, passed in 1974, that no longer effectively promote human rights.

Approval of this legislation will allow U.S. companies to benefit from trade concessions that Russia made in order to join the WTO. Otherwise, American firms attempting to do business in Russia will be placed at a disadvantage in comparison with their foreign competitors.

McCain joined others in calling for passage of the bipartisan Sergei Magnitsky Rule of Law Accountability Act, introduced by Senator Ben Cardin (D–MD) and McCain, to accompany Jackson–Vanik’s repeal. This legislation would impose penalties on officials from Russia and elsewhere who are responsible for gross violations of human rights. Ignoring legitimate human rights concerns would threaten PNTR’s prospects.

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12
June 2012

Top US Senators Introduce Bill to Lift Trade Restrictions With Russia

Wall Street Journal

A bipartisan group of senators introduced legislation Tuesday to lift trade restrictions on Russia, with the aim of passing the bill along with measures to protect human rights in the country before it joins the World Trade Organization as expected this summer.

The bill would approve permanent, normal trade relations with Russia by the August recess, a top trade priority for the Obama administration.

But Senate Finance Committee Chairman Max Baucus (D., Mont.) also vowed to incorporate provisions being championed by an increasing number of lawmakers on both sides to punish Russian officials for any human-rights violations.

Administration officials have called for Congress to pass the trade bill separately from any human-rights legislation, a plan that has also been supported by Rep. Dave Camp (R., Mich.), chairman of the House Ways and Means Committee, which overseas trade issues.

Mr. Baucus said that once the Senate passes the bill, he would work with the House to ensure any final version of the legislation includes the full text of the so-called “Magnitsky” bill, named after a lawyer who died in a Russian prison in 2009 after accusing government officials of fraud.

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