[Congressional Record Volume 158, Number 108 (Wednesday, July 18, 2012)]
[House]
[Pages H4914-H4915]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
GRANT PERMANENT NORMAL TRADE RELATIONS WITH RUSSIA
The SPEAKER pro tempore. The Chair recognizes the gentleman from New
York (Mr. Reed) for 5 minutes.
Mr. REED. I rise this morning to express my support for the Russian
accession to the WTO and for our need here in this Chamber and in
Washington, D.C., to grant Russia PNTR status so that we can establish
a strong, forward-looking trade relationship with Russia.
Madam Speaker, it's simple. American trade opportunity, as
represented by the Russian market, equals American job opportunity here
on our soil, and I am proud to support this need to get PNTR trade
status for Russia.
I am also joined this morning by a good friend from North Dakota to
whom I would like to yield, Mr. Berg.
Mr. BERG. Today, I rise to urge Congress to grant permanent normal
trade relations, also known as PNTR, with Russia. Russia will soon join
the World Trade Organization. This will increase trade with Russia, and
it will create significant export opportunities. However, before we can
take advantage of these trade benefits, we must grant permanent normal
trade relations with Russia.
This is a great opportunity for our State of North Dakota to increase
[[Page H4915]]
trade with the ninth largest economy in the world. In 2011, last year,
North Dakota had over $46 million worth of exports to Russia. This
impacted 160 jobs in our State directly. That number will grow
significantly if we grant PNTR to Russia. On the other hand, failing to
grant them PNTR will significantly impact North Dakota businesses as
well as all American businesses. It will put us at a competitive
disadvantage.
This is why it is important for Congress to grant permanent normal
trade relations with Russia and to do it as quickly as possible.
Mr. REED. I thank the gentleman for his comments.
I also thank the folks who came to the Chamber this morning, Madam
Speaker, in a bipartisan fashion to recognize the need to grant PNTR
status to Russia in order for us--American manufacturers, American job
creators--to take advantage of that trade opportunity that is
represented by the Russian accession to the WTO.
If we go forward and grant PNTR status to Russia, United States
exports could double or, perhaps, even triple as a result of the trade
opportunity that Russia represents to our American job creators; and in
the great State of New York, that means tremendous numbers of jobs will
be created.
As we all know, the number one issue facing us in this Chamber, in
this city, is: How are we going to grow jobs across America? As I said
in the beginning and as I will say again, American trade opportunity,
such as represented by Russia, equals American job opportunity.
____________________