Support The Moscow Times!

Obama Seeks Trade Pact

WASHINGTON &mdash The Obama administration will work with Congress "this year to grant Russia Permanent Normal Trade Relations, so that U.S. firms and workers fully benefit from Russia's accession to the WTO," U.S. trade representative Ron Kirk told the House Ways and Means Committee on Wednesday.

For U.S. companies to get the tariff cuts Russia will subscribe to, the United States must repeal a Cold War-era law inhibiting full market opening.

Russia is trying to join the WTO by midyear, Economic Development Minister Elvira Nabiullina said Dec. 8. U.S. trade with Russia topped $29 billion in the first 11 months of 2010, according to the U.S. International Trade Commission.


Read more

Independent journalism isn’t dead. You can help keep it alive.

The Moscow Times’ team of journalists has been first with the big stories on the coronavirus crisis in Russia since day one. Our exclusives and on-the-ground reporting are being read and shared by many high-profile journalists.

We wouldn’t be able to produce this crucial journalism without the support of our loyal readers. Please consider making a donation to The Moscow Times to help us continue covering this historic time in the world’s largest country.