TechNet Applauds U.S. Senate Approval of PNTR with Russia
December 6, 2012
TechNet Applauds U.S. Senate Approval of PNTR With Russia
Washington, DC – TechNet, the leading bipartisan policy and political network of CEOs that promotes the innovation economy, applauded today’s vote in the United States Senate to authorize the President to extend Permanent Normal Trade Relations to Russia.
The House of Representatives approved the same bill on November 16th by a vote of 365-46. The bill, which was approved with overwhelming bipartisan support, will now go to the President for signature.
“This is a very important and welcome step by the Senate,” said Rey Ramsey, President and CEO of TechNet. “Access to markets is key to our country’s economic growth and prosperity. As part of their accession package, Russia agreed to join the WTO Information Technology Agreement (ITA), which will eliminate tariffs on a wide range of IT goods In addition, by approving PNTR, American companies will gain access to valuable WTO dispute resolution mechanisms We urge the Senate to now consider and pass PNTR.”
TechNet is the national, bipartisan network of CEOs that promotes the growth of technology industries and the economy by building long-term relationships between technology leaders and policymakers and by advocating a targeted policy agenda. TechNet’s members represent more than one million employees in the fields of information technology, biotechnology, e-commerce and finance. TechNet has offices in Washington, D.C., Palo Alto, Sacramento, Seattle, Boston and Austin. Web address: www.technet.org. You can also follow us on Facebook and Twitter at @technetupdate.