A Note from the U.S. Council for International Business: Normalization of Russian Trade Urged

The USCIB is urging Congress to approve permanent normal trade relations with Russia, calling it essential for American business to fully benefit from new opportunities resulting from the country’s accession to the World Trade Organization.

Source: USCIB

The United States Council for International Business (USCIB), which represents America’s top global companies, is urging Congress to approve permanent normal trade relations (PNTR) with Russia, calling it essential for American business to fully benefit from new opportunities resulting from the country’s accession to the World Trade Organization.

Business opportunities for U.S. firms in Russia are expected to grow in the coming years, with infrastructure and consumer spending predicted to increase significantly.

Actions on the behalf of Russia are revealing its intentions to provide a fairer, more predictable environment for foreign companies.

Through its membership in BIAC, the Business and Industry Advisory Committee to the OECD, USCIB is working to advise the OECD and its member governments on appropriate terms for Russian entry into the organization, and is assessing the potential impact for U.S. business of Russian OECD membership.

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About Michael Czinkota

Professor of International Marketing, Business and Trade at Georgetown University, Washington, DC, U.S. and University of Kent, Canterbury, UK - http://www.faculty.msb.edu/index.htm http://www.twitter.com/#!/michaelczinkota http://www.facebook.com/169628456631

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