U.S. Export Opportunities From Russia's Membership in the WTO
Russia’s membership in the World Trade Organization (WTO) will provide significant commercial opportunities for U.S. exporters:
U.S. exporters will have more certain and predictable market access as a result of Russia’s commitment not to raise tariffs on any products above the negotiated rates and to apply non-tariff measures in a uniform and transparent manner.
Russia’s average final bound rate for industrial goods will be approximately 7 percent, a decrease from the current applied average tariff rate of 10 percent.
Approximately 38 percent of Russia’s tariff lines will have their final bound rates implemented upon accession and over 80 percent will have their final bound rates implemented within 3 years.
U.S. negotiators secured enforceable market access commitments covering services sectors that are priorities for the United States.
To join the WTO, Russia must change its trade regime and implement many trade liberalizing obligations. The United States, by contrast, will merely extend permanently to Russia the same trade treatment it already extends to all other WTO Members, and has extended to Russia every year since 1994.
- Once Congress enacts legislation ending the application of the Jackson-Vanik Amendment and authorizing permanent normal trade relations (PNTR) treatment for Russia, Russia’s obligations, including those on tariffs and non-tariff measures, will be enforceable through use of WTO dispute settlement.Visit each fact sheet below to see how it will benefit U.S. exporters.