The United States Should Establish Permanent Normal Trade Relations with Russia

Policy Analyses in International Economics 97
by Anders Åslund and Gary Clyde Hufbauer
April 2012
Book Description

In the coming year, Congress is likely to face a critical vote on granting Permanent Normal Trade Relations (PNTR) to Russia in connection with its impending membership to the World Trade Organization (WTO). A “yes” on PNTR for Russia could set the tone for economic relations between the United States and Russia for the next decade, and would give the global agenda of trade and investment liberalization a fresh boost, as Russia is the last major economy to join the WTO. Congressional failure to permanently normalize trade relations would likely have broad consequences, since it would send a clear message of US skepticism that the WTO is a suitable forum for handling commercial relations between major powers. This study presents an analysis of the current US-Russia economic relations, provides estimates on the potential increase in US exports to Russia, and potential growth of two-way trade within the WTO framework. Drawing on conclusions from this analysis, and from previous work conducted by the Institute on US-Russia relations, this monograph summarizes the implications of PNTR for US producers, Russian economic growth, and bilateral commercial relations.

Contents
Selected chapters and sections are provided for preview only.

Preface

Acknowledgments

Executive Summary

1. Introduction [pdf]

2. Russia's Rising Economic Significance

3. US Opportunities through Russia's Accession to the WTO and PNTR

4. Russia and the World Trade Organization

5. Conclusion [pdf]

Appendix A Gravity Model Assessment of the Impact of WTO Accession on Russian Trade
[pdf]

References

Index [pdf]

Other Buying Options
Non-US customers: for faster service, please order through Eurospan.
Book Data

April 2012
ISBN Paper 978-0-88132-620-8
200 pp.

Other Books of Interest
Russia after the Global Economic Crisis
Code: 4976
Price: $22.95
Quantity in Basket: none
Russia Balance Sheet, The
Code: 4242
Price: $24.95
Quantity in Basket: none