AEM looks to boost trade with Russia

The US-based Association of Equipment Manufacturers (AEM) is calling on the US authorities to take positive action that will help boost trade with Russia. With Russia joining the World Trade Organisation (WTO) in the coming months, the AEM is calling on the US authorities to grant Russia Permanent Normal Trade Relations (PNTR).
March 19, 2012 Read time: 2 mins
The US-based 1100 Association of Equipment Manufacturers (AEM) is calling on the US authorities to take positive action that will help boost trade with Russia.

With Russia joining the 4048 World Trade Organisation (WTO) in the coming months, the AEM is calling on the US authorities to grant Russia Permanent Normal Trade Relations (PNTR). This will allow US businesses to benefit from Russia's agreement to lower overall tariff rates, improve intellectual property enforcement and reduce barriers to trade. Unless this move is made, the AEM says that US equipment manufacturers will be at an economic disadvantage in the Russian market.

With critical transportation infrastructure in need of modernisation, Russia is a key market for construction equipment and unless the change is made, US firms will be at a disadvantage against their competitors in other nations. The AEM is encouraging the US authorities to recognise the economic necessity of Russia being given PNTR status. When Russia enters the WTO, all member states will economically benefit by having most-favoured-nation (MFN) status with Russia, except for the US. This is due to an amendment drafted in 1974, when relations between east and west were not as they are now.

For more information on companies in this article

Related Content

  • Information technology and transport development
    February 16, 2012
    A team of eminent Russian specialists* introduce exciting new information technologies, such as the Internet of Things, and foresee their promising applications in the field of transport infrastructure development
    Read More
  • Bitumen technology suppliers seek new ways to save money and work more efficiently
    April 24, 2013
    When World Highways decided to ask some of the industry’s leading suppliers what the future holds for bitumen, we found out - not surprisingly in the current economic climate - that it’s all about saving money. Kristina Smith reports. How quickly the tide turns. Just two years ago, saving carbon and the planet was moving up many countries’ political agendas. Now politicians in Europe and beyond have been forced to park commitments in the face of economic austerity. “The big issue with local government is th
    Read More
  • IRF Geneva highlights making roads safe: a priority for all
    May 15, 2014
    IRF Geneva’s Susanna Zammataro highlights the importance of the Federation’s ongoing commitment to the work of the United Nations Road Safety Collaboration, with which she serves as co-chair of the project group dedicated to Safer Roads and Mobility On 10th April, the United Nations General Assembly was due to discuss a new global road safety resolution. For those who might dismiss this as just another piece of paper condemned to sit on government shelves and gather dust, this a reminder of a few facts
    Read More
  • Progression in concrete plant and mixing solutions
    July 14, 2014
    Big orders for and progress in plant and concrete mixing technology has been continuing at a rapid pace over recent months, as Guy Woodford reports Shantui recently completed an eye-catching US$3.2 million deal with a customer in the United Arab Emirates for 50 concrete mixer trucks. The deal is said to be an important breakthrough for the Chinese company’s concrete machinery in the Middle East market, raising brand awareness and laying a solid foundation for building market share. Over the past y
    Read More

Highlighted Content