Jackson Vanik will pass – bipartisan support of congress and interest groups gives momentum
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U.S. Economy Impact-2NC ModuleJackson-Vanik key to U.S. economy and market competitivenessMarket Watch 11/10 (AmCham Welcomes Russia to WTO, Cites Benefits for US Economy, http://www.marketwatch.com/story/amcham-welcomes-russia-to-wto-cites-benefits-for-us-economy-2011-11-10) As the World Trade Organization (WTO) working group in Geneva signed off on the final terms for Russia's accession to the WTO today, the American Chamber of Commerce in Russia (AmCham) heralds this is as a key victory for Russia, American businesses in Russia, the American economy, U.S. jobs, and U.S. exports."This is an important, historical accomplishment," Andrew Somers, President & CEO of AmCham, said. "This paves the way for Russia's WTO accession in mid-December, and this has been an important goal of AmCham for many years. With WTO membership, Russia becomes more attractive to foreign investors and American businesses considering the Russian market. For American companies already operating in Russia, it provides a stronger, more rule-based playing field for operations, as well as improved access and competitiveness on this market."Experts project that the benefits of WTO accession for U.S. companies in Russia will be considerable. "They will include reducing or phasing out Russian import tariffs or quotas that now exceed WTO standards, as well as a ceiling on tariff rates that currently meet WTO requirements," Mr. Somers said. "It's also a great victory for Russia. Russia's accession to WTO finally brings the only major economy not yet in the WTO into the rules-based international trade organization. And this should have a positive impact on foreign perceptions of Russia as an investment market."With the important achievement of today's events in Geneva, and with Russia's presumed WTO accession in December, according to AmCham, a remaining, related goal for American businesses with operations in Russia is the withdrawal of the U.S.'s Jackson-Vanik Amendment, a law from the 1970s that was enacted in order to support emigration from the Soviet Union for prisoners of conscience and victims of religious persecution. "Russia's free-emigration policy has been in compliance with the objectives of Jackson-Vanik for more than 20 years," Somers said. "Jackson-Vanik is entirely outmoded, and it's bad for American business in Russia."Under WTO rules, every WTO member must grant all other WTO members Permanent Normal Trade Relations (PNTR). Currently the U.S. only grants Russia temporary Normal Trade Relations on an annual basis, due to the amendment. This law requires the President to certify to Congress every year that Russia permits free emigration of its citizens. Accordingly, Congress then grants Russia another year of normal trade relations. If Jackson-Vanik remains applicable to Russia after Russia accedes to WTO, according to AmCham, the U.S. would be in violation of WTO rules, and as a consequence, U.S. companies would be denied the full enjoyment of Russia's improved market access and tariff reductions."American companies would be at a competitive disadvantage with respect to the products of other WTO members," according to AmCham. "That's why AmCham and the majority of American businesses operating in Russia support the withdrawal of Jackson-Vanik." Global nuclear warFriedberg & Schoenfeld 2008 [Aaron, professor of politics and international relations at Princeton University's Woodrow Wilson School, Gabriel, Visiting Scholar @ Witherspoon Institute, The Dangers of a Diminished America, WSJ, 10/21, Proquest] Protectionist sentiments are sure to grow stronger as jobs disappear in the coming slowdown. Even before our current woes, calls to save jobs by restricting imports had begun to gather support among many Democrats and some Republicans. In a prolonged recession, gale-force winds of protectionism will blow. Then there are the dolorous consequences of a potential collapse of the world's financial architecture. For decades now, Americans have enjoyed the advantages of being at the center of that system. The worldwide use of the dollar, and the stability of our economy, among other things, made it easier for us to run huge budget deficits, as we counted on foreigners to pick up the tab by buying dollar-denominated assets as a safe haven. Will this be possible in the future? Meanwhile, traditional foreign-policy challenges are multiplying. The threat from al Qaeda and Islamic terrorist affiliates has not been extinguished. Iran and North Korea are continuing on their bellicose paths, while Pakistan and Afghanistan are progressing smartly down the road to chaos. Russia's new militancy and China's seemingly relentless rise also give cause for concern. If America now tries to pull back from the world stage, it will leave a dangerous power vacuum. The stabilizing effects of our presence in Asia, our continuing commitment to Europe, and our position as defender of last resort for Middle East energy sources and supply lines could all be placed at risk. In such a scenario there are shades of the 1930s, when global trade and finance ground nearly to a halt, the peaceful democracies failed to cooperate, and aggressive powers led by the remorseless fanatics who rose up on the crest of economic disaster exploited their divisions. Today we run the risk that rogue states may choose to become ever more reckless with their nuclear toys, just at our moment of maximum vulnerability. The aftershocks of the financial crisis will almost certainly rock our principal strategic competitors even harder than they will rock us. The dramatic free fall of the Russian stock market has demonstrated the fragility of a state whose economic performance hinges on high oil prices, now driven down by the global slowdown. China is perhaps even more fragile, its economic growth depending heavily on foreign investment and access to foreign markets. Both will now be constricted, inflicting economic pain and perhaps even sparking unrest in a country where political legitimacy rests on progress in the long march to prosperity. None of this is good news if the authoritarian leaders of these countries seek to divert attention from internal travails with external adventures. Directory: file -> view view -> Western Europe after wwii view -> Author study: paul fleischman view -> Qpa1 7ela study Guide view -> Arctic Oil/Gas Neg view -> November 1970 Approximately 150,000-500,000 deaths Bhola Cyclone Bangladesh view -> Grade Level: 6 Unit of Study: Caribbean glce view -> Citation: Duffield, Katy view -> Table of Contents Lesson # view -> Chinese Wind Energy Disad Download 0.68 Mb. Share with your friends:
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