New U.S. Export Growth and Job Opportunities
Russia is the newest nation to join the World Trade Organization (WTO). For U.S. companies and workers to fully benefit from Russia's joining the WTO this summer and, as a result, export more to Russia, Congress needs to pass PNTR legislation.
With a population of 142 million, and a large and growing middle class, Russia holds great potential for U.S. companies and workers to export more goods and services. Russia is now the world's 9th largest economy, yet the United States and Russia lack a significant trade relationship. Outdated Cold War-era laws currently restrict more significant U.S. trade with Russia. Seventy percent of Americans favor Congressional action to update these laws to allow U.S. businesses to sell more to Russia.