President Obama signed trade legislation on Friday granting permanent normal trade relations (PNTR) to Russia and Moldova, punishing human rights violators involved in the death of a whistleblower lawyer who exposed government corruption and opening up a tremendous trade opportunity for agribusinesses across the United States.
The Senate cleared the measure last week for the president's signature nearly three months after Russia joined the World Trade Organization (WTO) after an 18-year quest to join the group. Business groups and lawmakers praised the completion of the long-awaited legislation. “This is a big win for U.S. exports and jobs," said Senate Finance Committee Chairman Max Baucus (D-Mont.)."We’re gaining access to a fast-growing market, and we give up nothing in return.” The House passed the measure with broad support on Nov. 16 and the Senate easily cleared the measure Dec. 6.
ARA advocated on this issue that would help American farmers and agribusiness take advantage of this ever-growing market.
Click here to view the letter ARA.