Rep. Dave Reichert Applauds Legislation Granting PNTR with Russia and Moldova

Jul 26, 2012 Issues: Economy and Jobs, Trade

Rep. Dave Reichert (WA-08), a member of the House Ways and Means Subcommittee on Trade and the President’s Export Council, today commended the committee approval of legislation to extend permanent normal trade relations (PNTR) to Russia and Moldova:

“Granting Russia and Moldova PNTR is a vital step forward in increasing exports and sustaining American jobs,” said Reichert.  “This status will allow U.S. businesses to fully benefit from the membership of Russia and Moldova in the World Trade Organization.  As the author of Moldova PNTR, I am especially pleased that the legislation marked up today includes the long overdue graduation of Moldova from the Jackson-Vanik amendment. Fostering our relationship with Moldova will promote trade between our nations and encourage Moldovans to continue ongoing reforms that will create a lasting and thriving democracy and economy.”

Ambassador of the Republic of Moldova to the USA, Canada and Mexico, Igor Munteanu,
added the following:

 “The elimination of JVA is long-expected progress and will foster democratic development of my country and open up new and promising avenues for bilateral cooperation with USA,” said Munteanu. “ I applaud the energetic support of our good friends in the US House of Representatives and Senate, the Moldova- USA Caucus and other American friends. We thank all of you for the excellent support received at this stage, and ensure you that Moldova is moving in the right direction as a trustful ally of USA and EU." 

BACKGROUND
Reichert, a long-time advocate for free trade, was the author of H.R. 1463, to extend normal trade relations to Moldova. Though Moldova joined the World Trade Organization (WTO) in 2001, the United States has yet to grant Moldova permanent trade relations status.  Russia will join the WTO in August, 2012. In 2011, the U.S. exported $8.3 billion in goods to Russia. Exports to Russia currently support over 1400 jobs and $445 million  in Washington state, which ranked  5th in the United States in exports to Russia.

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