Farm Bureau applauds House for passing Russia PNTR
The American Farm Bureau Federation and Indiana Farm Bureau praised the U.S. the House of Representatives for passing legislation granting “Permanent Normal Trade Relations” status with Russia.
By a vote of 365-43, the House passed the legislation Nov. 16.
“The House of Representatives’ passage of legislation granting Permanent Normal Trade Relations with Russia will ensure the U.S. benefits from Russia’s accession to the World Trade Organization and remains competitive in that market,” said AFBF President Bob Stallman. “We applaud House members for approving this critical legislation.”
“Indiana Farm Bureau appreciates the support of Reps. Bucshon, Burton, Carson, Donnelly, Rokita, Stutzman and Young in passage of H.R. 6156 in the House,” added IFB President Don Villwock. “It is great to see such convincing support by Indiana’s members of the U.S. House of Representatives.
“Trade is critically important to Indiana agriculture and passing PNTR allows for Indiana farmers, particularly pork, poultry and beef producers, to gain more competitive access to a significant market and economic opportunity,” he added.
Russia formally joined the World Trade Organization in August. But, PNTR for Russia must be enacted by Congress in order to guarantee U.S. access to the market-opening and legal aspects that are part of the Russia-WTO agreement.
“If PNTR is not enacted U.S. farmers will continue to be disadvantaged in the Russian market. American agriculture exports over $1.4 billion to Russia annually, primarily poultry, pork and beef products,” Villwock said.
“With this potential for expanding meat exports, obtaining PNTR with Russia is even more important,” said Stallman. “Russia’s membership in the WTO will provide significant commercial opportunities for U.S. agriculture.”
Both farm leaders concluded by urging the U.S. Senate swiftly approve companion legislation granting PNTR to Russia.