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Russia Accession to WTO– Benefits for U.S. Agriculture
On December 16, 2011, Trade Ministers at the 8th Ministerial Conference of the World Trade Organization adopted the terms and conditions Russia’s accession to the WTO and extended an invitation to Russia to join the organization. This decision represents the substantive conclusion of 18 years of negotiations. Russia’s membership in the WTO will benefit U.S. businesses by improving market access for U.S. exports of goods and services and bringing Russia into a system of established, enforceable, multilateral trade rules.
On November 12, 2011, the Leaders of the nine Trans-Pacific Partnership countries – Australia, Brunei Darussalam, Chile, Malaysia, New Zealand, Peru, Singapore, Vietnam, and the United States – announced the achievement of the broad outlines of an ambitious, 21st-century Trans-Pacific Partnership (TPP) agreement that will enhance trade and investment among the TPP partner countries, promote innovation, economic growth and development, and support the creation and retention of jobs.
For more information, Click Here to visit the USTR TPP overview page.
Trade in Products of Modern Biotechnology
International Statement on Low-Level Presence: In September 2012, the United States and 12 other countries endorsed an International Statement on Low Level Presence, part of a joint effort to address trade and food security challenges arising from differences in various countries’ regulatory systems governing biotech products. Click here to read the International Statement and click here to see the list of countries endorsing it.
International Joint Statement on Animal Cloning for Livestock Production: In March 2011, the United States and three other countries signed a Joint Statement on Animal Cloning for Livestock Production stressing the importance of science-based regulations to prevent disruptions of international trade. Read the statement here.