ASA urges Senate to vote yes on Russia PNTR bill
Yes vote would normalize trade relations
The American Soybean Association has encouraged all senators to vote in favor of the Russia and Moldova Jackson-Vanik Repeal Act of 2012, which has already been passed by the House. The bill would graduate Russia from the Jackson-Vanik Amendment to the Trade Act of 1974 and establish permanent normal trade relations (PNTR) with the country. If the bill passes and is signed by President Obama, soybean farmers would gain access to the world’s ninth-largest economy which last year imported more than $770 million in American meat, poultry, egg and dairy products.