Ed Verona – President and CEO, US–Russia Business Council
After two decades of tough negotiations, Russia has been finally admitted to the WTO. The agreement was signed in Geneva late last year, and is expected to be ratified this summer.
But even full membership does not clear all the obstacles. One of them is the Jackson-Vanik Amendment that spoils trade relations with one of the biggest players in the game – the US. Many call for a repeal of the anachronistic Cold-War-era legislation… but for now, it is still there.
The future of Russian-American trade has been widely discussed lately, especially in terms of the WTO and Jackson-Vanik. Today we talk it over with Ed Verona, President of the US–Russia Business Council.