Mr Obama faces a tough fight in Congress, which has to approve permanent normal trade relations with Russia.
The PNTR, the Permanent Normal Trade Relations for Russia has passed through a couple of key committees on the Hill.
Unfortunately, one top Democratic prospect, Congressman Baron Hill, has voted for a number of free-trade deals, including Permanent Normal Trade Relations with China.
Another good sign is the Senate passed a measure in December that would clear the way for Permanent Normal Trade Relations with Russia.
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Now comes news that Vietnam is entering the World Trade Organization and that the U.S. could soon establish permanent normal trade relations with the country.
Mr. Clinton said it would be "a very, very unwise and precarious move" for Congress to deny China permanent normal trade relations, known as PNTR.
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"It's no secret that we disagree -- and disagree sharply -- (with Gore) on NAFTA and on granting China permanent normal trade relations, " Yokich said.
Fred Thompson, a Republican senator from Tennessee, is preparing to introduce an important but little-noticed amendment to the current bill to grant China permanent normal trade relations.
In recent days, proponents of granting China Permanent Normal Trade Relations (PNTR) status have asserted that the failure by Congress to do so would harm U.S. national security.
Perhaps the most frequently heard argument in favor of permanent normal trade relations with China is that without it, we will lose the China business to foreign competitors.
Supporters of granting China permanent normal trade relations (PNTR) have pushed Lott, R-Mississippi, to schedule a Senate vote on the issue before the Senate's summer recess begins in late July.
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The People's Republic of China won a big victory late last month, as the House of Representatives voted to grant it permanent normal trade relations when it enters the World Trade Organization.
He argues that China's inclusion in the WTO, and hence permanent normal trade relations with the U.S., is good for both sides because trade disputes can be resolved through an impartial dispute settlement mechanism.
Now, with the battle raging over permanent normal trade relations with China, Sen Thompson is trying to draw attention to what he says is the country's record in helping rogue nations acquire weapons of mass destruction.
The US Congress is expected to vote on whether to grant China Permanent Normal Trade Relations (PNTR) in the week of 22-26 May, and the vote in the House of Representatives is considered too close to call.
Rather than show the world the America means business when it comes to trade, it could establish an unwelcome precedent for other countries to rescind permanent normal trade relations instead of resolving disputes through a third party.
The extension of permanent normal trade relations treatment to the products of the Republic of Moldova will permit the United States to avail itself of all rights under the WTO Agreement with respect to the Republic of Moldova.
Mr. Bush has also promised to clear the way for permanent normal trade relations status for Russia by getting the 1974 Jackson-Vanik Amendment formally repealed and to use his influence to secure membership for a free-market Russian economy.
Yokich expressed disappointment with Gore's record on trade issues, including the vice president's support for a measure to provide China with permanent normal trade relations with the United States, as well as the North American Free Trade Agreement (NAFTA) with Canada and Mexico.
The extension of permanent normal trade relations treatment to the products of the Russian Federation will permit the United States to avail itself of all rights under the Marrakesh Agreement Establishing the World Trade Organization (the "WTO Agreement") with respect to the Russian Federation.
Members of Congress also have joined the fray, raising the stakes at a time when the Clinton administration is already in the midst of a lobbying effort to convince reluctant lawmakers to approve permanent Normal Trade Relations status with China (formerly known as most-favoured-nation trading relations).
In order for WTO rules and mechanisms to apply to our bilateral trade, the Obama Administration is working closely with the U.S. Congress to terminate, as soon as possible, application of the Jackson-Vanik Amendment with respect to Russia and extend Permanent Normal Trade Relations to the Russian Federation.
Recent debates over granting President Bush Trade Promotion Authority (TPA), according Communist China permanent "Normal Trade Relations" status and permitting taxpayer subsidized trade with Cuba have all implicitly, if not explicitly, shared a dubious conviction: Since overseas commerce is an inherently good thing, the more of it the better.
This campaign will likely reach a crescendo next spring, when Congress will be asked to clear the way for such membership by abandoning annual consideration of Most Favored Nation status for the People's Republic of China in favor of a permanent grant of Normal Trade Relations.
Another congressional vote will come later in the summer, when America must decide whether to grant China permanent normal trading relations as a step towards its entry into the World Trade Organisation.
Another reason is that the American Congress is about to vote on a proposal to grant China permanent normal trading relations, in effect approving its membership of the World Trade Organisation (see article).
The House is to vote at midweek on granting permanent normal trading relations to China as part of that nation's bid to join the World Trade Organization.
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