On the recordJune 19, 2012
If we don't repeal Jackson-Vanik, to the degree that Russia is opening up liberalizing its services market, investment market, we lose all of the benefits of that.
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Ron Kirk
Source
congress.govIf we don't repeal Jackson-Vanik, to the degree that Russia is opening up liberalizing its services market, investment market, we lose all of the benefits of that.
Kirk emphasizes the importance of repealing Jackson-Vanik to gain investment benefits.
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I respectfully ask this committee to move forward quickly with legislation to terminate Jackson-Vanik and empower the President to extend PNTR to Russia.
I think if there is any area that the administration has distinguished ourselves in, it is at our very strong elevation of trade enforcement to the same level that we have for opening up new markets.
If we don't repeal Jackson-Vanik and extend PNTR, we have none of those protections.
Let's not give Russia that 10-year liberal period that China--China agreed that they would join the GPA within 10 years.