The United States should establish permanent normal trade relations with Russia / Anders Åslund and Gary Clyde Hufbauer.

Format:

Book

Author/Creator:

Åslund, Anders, 1952-

Contributor:

Hufbauer, Gary Clyde.

Series:

Policy analyses in international economics ; 97.

Policy analyses in international economics ; 97

Language:

English

Subjects (All):

Foreign trade regulation--United States.

Foreign trade regulation.

Foreign trade regulation--Russia (Federation).

United States--Foreign economic relations--Russia (Federation).

United States.

Russia (Federation)--Foreign economic relations--United States.

Russia (Federation).

United States--Commercial policy.

Russia (Federation)--Commercial policy.

Physical Description:

1 online resource (103 p.)

Edition:

1st ed.

Place of Publication:

Washington, D.C. : Peterson Institute for International Economics, 2012.

Language Note:

English

Summary:

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:

""Cover ""; ""Preface""; ""Acknowledgments""; ""Executive Summary""; ""Ch 1. Introduction""; ""Why the United States Should Grant Russia PNTR""; ""Ch 2. Russia's Rising Economic Significance""; ""Impact of the Global Economic Crisis on Russia""; ""Russia: The Wealthiest of the BRICs and Very Different from China""; ""Role in World Trade""; ""Role in US Trade""; ""US Direct Investment in Russia""; ""Ch 3. US Opportunities through Russia's Accession to the WTO and PNTR ""; ""Tariff and Nontariff Barriers""; ""Access for US Agricultural Exports""; ""Access for US Industrial Exports""

""Ch 4. Russia and the World Trade Organization""""History of Russia's WTO Application""; ""Effects of WTO Accession on the Russian Economy""; ""Ch 5. Conclusion""; ""Appendix A Gravity Model Assessment of the Impact of WTO Accession on Russian Trade ""; ""References""; ""Index""

Notes:

Description based upon print version of record.

Includes bibliographical references and index.

ISBN:

1-280-37894-8

9786613556851

0-88132-637-2

OCLC:

923328382