They haven’t learned yet that letting state capitalism countries into the WTO is a recipe for U.S. industry disaster.
From the U.S. Trade Rep newsletter today…
U.S. Trade Representative Ron Kirk Statement on Russia Trade Bill
June 12 – This morning, U.S. Trade Representative Ron Kirk welcomed the introduction in the Senate of a bill to terminate the application of the Jackson-Vanik amendment and authorize the President to extend permanent normal trade relations to Russia.
“We welcome the introduction of this bill as Russia is poised to join the World Trade Organization (WTO) this summer. Passing this bill will ensure that U.S. businesses, ranchers, farmers, and workers will not be at a disadvantage in the Russian market compared to their global competitors. We will continue to work with Congress so that Americans can reap the full benefits of Russia’s WTO membership.
CPA is a “stakeholder group” but they did not consult us. USTR did consult stakeholders that helped advocate getting us the worst trade deficit in history. Again, from the USTR self-promotional newsletter.
Included below are statements of support from a wide range of trade stakeholders: