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Saturday, 1 September 2012 - Russia optimistic on U.S. trade vote, officials say |
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      Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Home Business Business Home Economy Technology Media Small Business Legal Deals Earnings Social Pulse Business Video The Freeland File Aerospace & Defense Markets Markets Home U.S. Markets European Markets Asian Markets Global Market Data Indices M&A Stocks Bonds Currencies Commodities Futures Funds peHUB World World Home U.S. Brazil China Euro Zone Japan Mexico Russia India Insight World Video Reuters Investigates Decoder Politics Politics Home Election 2012 Campaign Polling Political Punchlines Supreme Court Politics Video Tech Technology Home MediaFile Science Tech Video Tech Tonic Social Pulse Opinion Breakingviews Money Money Home Tax Break Lipper Awards 2012 Global Investing MuniLand Unstructured Finance Linda Stern Mark Miller John Wasik James Saft Analyst Research Alerts Watchlist Portfolio Stock Screener Fund Screener Personal Finance Video Money Clip Investing 201 Life Health Sports Arts Faithworld Business Traveler Entertainment Oddly Enough Lifestyle Video Pictures Pictures Home Reuters Photographers Video Reuters TV Reuters News Article Comments (0) ROUGH CUTS Romney's appeal to Americans disillusioned with Obama Republican presidential candidate Mitt Romney urges voters during his nomination acceptance speech to help him rebuild the economy and create millions of new jobs, asking them to overcome their disappointment in President Barack Obama.  Video  Paul Ryan vows to lead economic turnaround Rice: Ryan-Romney the answer to where U.S. stands Clint Eastwood berates "invisible Obama" The "Obama poster" dig Romney likes his iPod play list better than Ryan's Follow Reuters Facebook Twitter RSS YouTube Read Three dead in shooting at New Jersey grocery store 4:33pm EDT Major quake off Philippines causes panic but minor damage 12:55pm EDT Pentagon threatens legal action over bin Laden book 30 Aug 2012 Bernanke says Fed ready to act but short on specifics | 4:53pm EDT "Little flash" as bionic eye brings amazed woman some sight 30 Aug 2012 Discussed 54 Romney tells voters to move on from Obama disappointment 45 Exclusive: Pentagon threatens legal action over bin Laden book 16 Several dead in shootout in New Jersey shopping plaza: report Sponsored Links Pictures Reuters Photojournalism Our day's top images, in-depth photo essays and offbeat slices of life. See the best of Reuters photography.  See more | Photo caption  Tech toys make noise The IFA consumer electronics fair kicks off in Berlin, showcasing the world's latest tech gadgets.  Slideshow  London Paralympics Highlights from the Opening Ceremony to the London 2012 Paralympic Games.  Slideshow  Russia "optimistic" on U.S. trade vote, officials say Tweet Share this Email Print Related News U.S. business hopeful Congress passes Russia trade bill in September Tue, Aug 21 2012 Russia embassy in UK says attacked by Syria activists Fri, Aug 17 2012 Analysis: Rhetoric aside, Obama and Romney not far apart on trade Thu, Aug 16 2012 Congress reauthorizes import ban on Myanmar Thu, Aug 2 2012 Hopes fade for new U.S. cybersecurity law in 2012 Thu, Aug 2 2012 Analysis & Opinion The U.S. needs to walk the walk on African security Changing the Moscow rules Related Topics World » Politics » Russia » By Doug Palmer WASHINGTON | Fri Aug 31, 2012 5:24pm EDT WASHINGTON (Reuters) - The Russian government remains hopeful the U.S. Congress will approve a bill to upgrade bilateral trade relations, despite a potentially tough political climate heading into U.S. elections in November, Russian officials said on Friday. "We are optimistic. We need to be optimistic," Alexey Drobinin, senior counselor at the Russian Embassy in Washington, told reporters. "We think that expanding trade relations is a good way to broaden our overall relationship." Congress is under pressure to lift a Cold War provision known as the Jackson-Vanik amendment and approve "permanent normal trade relations," or PNTR, with Russia to ensure U.S. companies share in the full market-opening benefit of Moscow's entry into the World Trade Organization last week. Drobinin discussed the issue during a briefing on Russia's hopes for next week's meeting of the 21-member Asia-Pacific Economic Cooperation forum, which it is hosting this year in Vladivostok. U.S. business groups hope the House of Representatives and Senate will pass the PNTR legislation in September, before lawmakers return home to campaign. But with concerns in Congress about Moscow's support for Iran and Syria, the timing of a vote remains unclear. Republican presidential challenger Mitt Romney accused President Barack Obama on Thursday of being too accommodating to Moscow and promised "less flexibility and more backbone" in U.S. policy if he wins the November 6 election. The Jackson-Vanik amendment tied normal tariff treatment for goods from the former Soviet Union to the rights of Jews to emigrate. Russia has been deemed in compliance for nearly two decades. But the provision remains on the books, at odds with WTO rules requiring members to provide normal trade relations to one another on an unconditional basis. Mikhail Kalugin, acting head of the embassy's economic section, said that although Washington had still not approved PNTR, Moscow did not plan to impose higher tariffs on goods from the United States than on other WTO members. "But still, on paper, the United States should repeal Jackson-Vanik" to ensure U.S. companies receive the full benefits of Russia's accession, Kalugin said. HUMAN RIGHTS, SYRIA ISSUES In addition to making tariff cuts, Moscow has agreed to opens its services markets and make other reforms as part of its accession to the WTO. U.S. companies fear those benefits are at risk and worry they will not have the protection against arbitrary Russian trade measures until PNTR is passed. Congress is expected to attach legislation known as the "Magnitsky bill" to punish Russia officials for alleged human rights abuses to any bill to establish PNTR. In addition, some lawmakers are pushing for a non-binding resolution of disapproval for Moscow's support for the Syrian government in its bloody battle against rebel groups. "Of course, we are against any non-trade issues to be inserted in a trade bill. ... Our opposition is very clear on that," Kalugin said. The United States and Russia have been working together on a number of issues related to APEC. Those include initiatives aimed at reducing tariffs on environmental goods, improving food security, reducing "choke points" in global supplies and using trade agreements to improve government transparency, Kalugin said. Obama is skipping the APEC summit on September 8 and 9 because it comes right after he accepts the Democratic Party nomination on Thursday to run again for president. Secretary of State Hillary Clinton will represent the United States at the summit. (Reporting By Doug Palmer; Editing by Peter Cooney) World Politics Russia Tweet this Link this Share this Digg this Email Reprints   We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.   Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Back to top Reuters.com Business Markets World Politics Technology Opinion Money Pictures Videos Site Index Legal Bankruptcy Law California Legal New York Legal Securities Law Support & Contact Support Corrections Connect with Reuters Twitter   Facebook   LinkedIn   RSS   Podcast   Newsletters   Mobile About Privacy Policy Terms of Use AdChoices Copyright Our Flagship financial information platform incorporating Reuters Insider An ultra-low latency infrastructure for electronic trading and data distribution A connected approach to governance, risk and compliance Our next generation legal research platform Our global tax workstation Thomsonreuters.com About Thomson Reuters Investor Relations Careers Contact Us   Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

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