Last updated on April 20, 2014 at 19:30 EDT

Sen. Baucus Meets with U.S. Business Leaders in Russia, Sees Gains for U.S. Jobs

February 21, 2012

WASHINGTON, Feb. 21, 2012 /PRNewswire-USNewswire/ — Senate Finance Committee Chairman Max Baucus (D-Mont.) met with American business leaders in Moscow this morning on the need for legislation to expand opportunities for US exports that would create more American jobs.

Andrew Somers, chief executive of the American Chamber of Commerce in Russia (AmCham), representing more than 700 companies, warned that American companies will face a serious competitive disadvantage if Congress does not soon abrogate the 1974 Jackson-Vanik Amendment, which denies Russia Permanent Normal Trade Relations.

“We hope that Congress will act quickly on this trade issue,” said Somers.

Senator Baucus is in Russia to meet with the Russian President and other officials to discuss economic, trade and foreign affairs issues, as well as with leaders of the American Chamber of Commerce.

“Opening doors overseas in countries like Russia will propel our economic recovery forward and create jobs across the United States,” Baucus said. “Holding Russia to its promises as it enters the World Trade Organization, and seeking a greater share of the Russian market, is a one-way economic benefit for the United States and an absolute no-brainer.”

Michelle Kincaid
For the American Chamber of Commerce in Russia
Phone: 202-207-1135

SOURCE American Chamber of Commerce in Russia

Source: PR Newswire