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LATEST RESOURCES FOR INTERNATIONAL TRADE PROFESSIONALS
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This issue is sponsored by:
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OUR FEATURED COUNTRY: Russia
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Last November, the U.S. House of Representatives voted in favor of normalizing trade relations between the United States and Russia. This proposal comes following Moscow’s membership in the World Trade Organization (WTO) on August 22, 2012, as well as ongoing reforms in Russia, which should open its economy to international investment, in particular by lowering tariffs on manufactured imports and reducing agricultural subsidies.
For U.S. businesses, the new legislation should facilitate access to the Russian market, where until now they were hindered by the Jackson-Vanic amendment, in force since 1974, which imposed heavy restrictions on trade between the two countries. The repeal of this provision should allow U.S. companies to catch up with their European and Asian competitors on the Russian market.
In 2011, the United States were Russia’s seventh-largest client and its sixth-largest supplier. During the year 2011, the U.S. exported $8.2bn worth of goods to Russia, while imports stood at $34.6bn. During the period of January-September 2012, U.S. exports to Russia rose by 25% compared to the same period in 2011. As for imports, they declined by 14%. The United States have therefore been reducing its trade deficit with Russia, the ninth-largest world market in terms of population.
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> View our complete country profile for Russia
> Browse 88 more country profiles
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INTERNATIONAL TRADE ASSOCIATIONS
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Coalition for U.S.-Russia Trade
The Coalition for U.S.-Russia Trade, housed at the U.S.-Russia Business Council, which serves as the Coalition's Secretariat, is committed to strengthening U.S.-Russian commercial ties and preserving the competitiveness of U.S. firms, farmers and workers in the Russian market. |
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INTERNATIONAL TRADE PORTALS
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Russia Forum
Russia Forum makes an information exchange and cooperation between b2b and industrial companies possible. It supports the development of companies and industry on the international level.
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TRANSPORTATION & LOGISTICS
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Sea Port of Saint Petersburg
Saint-Petersburg is the largest industrial and transport center, the marine capital of Russia. The port of Saint-Petersburg is the European gateway of the country, the most important transport link between the East and the West.
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FIND QUALIFIED SERVICE PROVIDERS
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Are you searching for qualified, experienced service providers and trading companies to help you with your overseas operations? Here we list a few of the 50,000+ listed profiles from the Directory of Import Export Service Providers on GlobalTrade.net.
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TRADESHOWS & EVENTS
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Interplastica 2013 - Moscow
Interplastica 2013 is an international trade fair for plastics & rubber, raw materials, machinery and equipment. It will take place from 01/29/2013 to 02/01/2012 in Moscow.
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