The most important distinction between this and China, Senator, is that, in the case of Russia, we insisted that they put in place their laws to implement the WTO rules before we would allow them to accede to the WTO.
Kirk highlights the difference in WTO accession processes between Russia and China.
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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.
Congressman, it will certainly open up more markets, particularly in services Russia is committed to.
Terminating Jackson-Vanik and extending PNTR to Russia is in the absolute best interests of American businesses, workers, and innovators.
If we don't repeal Jackson-Vanik, we are going to be at that higher arbitrary rate against competitors from around the world.