A Senate vote on the Russia and Moldova Jackson-Vanki Repeal Act of 2012 could come as early as Wednesday. The American Soybean Association is encouraging all senators to vote yes on the House-passed version of the bill without amendment. If passed by the Senate and signed into law by the President – the bill would establish permanent normal trade relations with the world’s ninth-largest economy. ASA President Steve Wellman says American soybean farmers can reap the benefits of more than 140-million consumers and a fast-growing economy – which last year imported more than 770-million dollars in American meat, poultry, egg and dairy products. Until the U.S. graduates Russia from the Jackson-Vanik Amendment and establishes PNTR – he says we will not be able to fully access the Russian market without penalty.
The House version of the legislation – H.R. 6156 was passed on November 16th.
Source: NAFB News Service