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The United States Should Establish Permanent Normal Trade Relations with Russia (Paperback, New)
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The United States Should Establish Permanent Normal Trade Relations with Russia (Paperback, New)
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In the coming year, Congress is likely to face a critical vote on
granting Permanent Normal Trade Relations (PNTR) to Russia in
connection with its impending membership to the World Trade
Organization (WTO). A "yes" on PNTR for Russia could set the tone
for economic relations between the United States and Russia for the
next decade, and would give the global agenda of trade and
investment liberalization a fresh boost, as Russia is the last
major economy to join the WTO. Congressional failure to permanently
normalize trade relations would likely have broad consequences,
since it would send a clear message of US skepticism that the WTO
is a suitable forum for handling commercial relations between major
powers. This study presents an analysis of the current US-Russia
economic relations, provides estimates on the potential increase in
US exports to Russia, and potential growth of two-way trade within
the WTO framework. Drawing on conclusions from this analysis, and
from previous work conducted by the Institute on US-Russia
relations, this monograph summarizes the implications of PNTR for
US producers, Russian economic growth, and bilateral commercial
relations.
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