USCIB Applauds House Passage of Russia Trade Bill

4405_image001New York, N.Y., November 16, 2012 – The United States Council for International Business (USCIB) welcomed the House of Representatives’ passage today of legislation to establish permanent normal trade relations (PNTR) with Russia.

“This is a long-overdue step to secure U.S. access to the growing Russian marketplace,” said USCIB President and CEO Peter M. Robinson. “Russia joined the World Trade Organization in August, and in the intervening time, U.S. companies have been at a competitive disadvantage as the country opens up new opportunities for foreign trade and investment. We urge the Senate to swiftly approve PNTR legislation.”

Passage of PNTR is required to lift trade restrictions on Russia under the 1970s-era Jackson-Vanik amendment, which has been deemed to violate WTO rules.

Robinson noted that Russia is also taking steps to join the 34-nation Organization for Economic Cooperation and Development (OECD), which would entail additional steps to open Russia to foreign trade and investment. 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.

About USCIB:
USCIB promotes open markets, competitiveness and innovation, sustainable development and corporate responsibility, supported by international engagement and regulatory coherence. Its members include U.S.-based global companies and professional services firms from every sector of our economy, with operations in every region of the world. With a unique global network encompassing leading international business organizations, USCIB provides business views to policy makers and regulatory authorities worldwide, and works to facilitate international trade and investment. More information is available at

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Staff Contact:   Kira Yevtukhova

Deputy Director, Marketing and Communications
Tel: 202.617.3160

Kira Yevtukhova manages USCIB’s print and online publications, including the website, e-newsletter and quarterly magazine, and serves as the organization’s digital media strategist. Prior to this role, Kira worked for over five years within USCIB’s Policy Department, focusing on climate change, environment, nutrition, health, and chemicals related policy issues. She is a graduate of Mount Holyoke College and has an MBA from Georgetown University’s McDonough School of Business.
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