AGRIBUSINESS: Russia Permanent Normal Trade Relations Granted
By a vote of 92 to four, the U.S. Senate voted Thursday to grant Russia Permanent Normal Trade Relations.
Legislation granting Russia PNTR was passed by the House on November 16 with a vote of 365 to 43. If signed by the president, the legislation would allow the U.S. to double its exports to Russia over the next five years.
In November, Senate Finance Committee Chair, Max Baucus called on the Senate to pass PNTR legislation for Russia after the Thanksgiving recess. The bill now moves to the President’s desk for approval. If the president fails to sign it within the next ten days, the bill will automatically take effect.