The U.S. House of Representatives has approved legislation granting Permanent Normal Trade Relations (PNTR) with Russia.
According to the American Farm Bureau Federation, the action “will ensure that the U.S. benefits from Russia’s accession to the World Trade Organization (WTO) and remains competitive in that market.”
“America’s farmers and ranchers will have more certain and predictable market access as a result of Russia’s commitment not to raise tariffs on any products above the negotiated rules and to apply international food safety standards in a uniform and transparent manner,” said AFBF President Bob Stallman. “Russia’s membership in the WTO will provide significant opportunities for U.S. agriculture, including increased sales of poultry, pork and beef.”
The legislation now will move on to the Senate for approval.