Obama urges congress to cancel Jackson-Vanik

07.03.2012 [12:33]
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Baku, March 7 (AZERTAC). The U.S. White House administration begins talks with the Congress on the abolishment of the Jackson-Vanik amendment in regard to Russia, U.S. President Barack Obama said.

The U.S. president said the abolishment of the controversial amendment will offer broad possibilities for U.S. companies and business circles to enjoy opportunities granted by Russia’s membership in the World Trade Organization (WTO).

The controversial Jackson-Vanik Amendment on restricting trade with the Soviet Union, which the U.S. Congress had adopted in 1974 to pressure the USSR into allowing emigration, is still applied to Russia, and has proved a key barrier for the country’s entry to the WTO.

Obama urges congress to cancel Jackson-Vanik

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