When Russia joins the World Trade Organization (WTO) later this year, exporters in Utah and throughout the United States could increase trade with the world’s ninth largest economy, according to the Business Roundtable.
However, Congress must first act by approving "permanent normal trade relations" or PRTN legislation before Utah and other states can enjoy the benefits of Russia’s market-opening WTO commitments, it said.
John Engler, Business Roundtable president explained that Russia’s WTO membership means that it must lower its tariffs, provide greater market transparency, protect intellectual property rights and abide by the WTO’s rules of international trade. Salt Lake Tribune
