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US Must End Cold War Trade Hangover

Stephen Sestanovich, Council on Foreign Relations | May 20, 2009

The Obama Administration must get rid of a "cold war fossil" - the Jackson-Vanik amendment - which makes normal trade relations with Russia contingent on free emigration. ++ Russia has allowed such freedom for years, but the law remains in force despite attempts by former Presidents Clinton and Bush to get rid of it. ++ Obama will struggle to remove it too. ++ Congress retains it as leverage for US exports. ++ The law once played an important role in US-Soviet Union relations, but the new challenge is to make putting it aside just as important.

 

 
Tags: | trade | WTO | US | Russia |
 
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