News Summary: House votes on trade with Russia
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Source: Business News
Originally published: Nov 16, 2012 - 3:51 pm
Originally published: Nov 16, 2012 - 3:51 pm
(AP) - RUSHING RUSSIA: The House of Representatives voted Friday to end Soviet-era trade restrictions on Russia, which joined the World Trade Organization earlier this year. The Senate will now consider the bill, which is supported by the Obama administration.
MOSCOW MOVES: The bill would permanently normalize U.S. trade relations with Russia and Moldova. As a WTO member, Russia is required to reduce tariffs and take other measures to open its markets.
SHAPE UP: The House also approved a measure that punishes Russian officials for human rights violations, although the House and Senate differ on the specifics of those provisions.
(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
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