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Clik here to view.PoliticalNews.me – Nov 06,2011 – SCHUMER: RUSSIA’S BACKTRACKING ON MARKET ACCESS TRADE DEAL THREATENS FUTURE GROWTH AT IBM, OTHER TECH AND TELECOMM SECTOR COMPANIES IN NEW YORK – CALLS ON ADMINISTRATION TO SECURE COMMITMENT FROM RUSSIA TO JOIN INFORMATION TECHNOLOGY AGREEMENT AND KEEP NY TECH JOBS FROM GOING OVERSEAS
Schumer Is Pushing U.S. Trade Representative Kirk to Secure Russian Commitment to Join Information Technology Agreement As Part of Current WTO Accession Negotiations; Move Would Fully Open Russian Markets to Exports from American Tech Firms like IBM and Prevent Sending NY Jobs Overseas
Schumer States That Failure to Eliminate High Duties on U.S. Information Technology Exports Into Russia Could Force NY Tech Companies like IBM and Others to Move Operations, Thousands of Jobs Overseas
Schumer to Admin: Level a Technology Export Playing Field and Ensure Russia Makes Good on Commitment to Open Market to U.S. IT Companies; Foster Free Trade That Is Fair to American Firms and Grows American Jobs
U.S. Senator Charles E. Schumer urged United States Trade Representative Ron Kirk to safeguard that a U.S.-Russia shared WTO advent agreement now underneath negotiation, and a final WTO Working Party Report, simulate an undeniable fasten by Russia to join a Information Technology Agreement (ITA) and to exercise a ITA commitments as shortly as possible. Schumer settled that Russia’s membership in a ITA is vicious to New York companies in a Information Technology (IT) sector, generally firms like IBM, since ITA member countries contingency discharge import duties on a far-reaching operation of information record (IT) products, including computers, telecommunications equipment, semiconductors and software.
Once these tariffs are eliminated, New York companies like IBM, that already does about $14 million in approach hardware sales to Russia annually, would see a large enlargement in this marketplace over a subsequent several years. Schumer also warned that if Russia evades fasten a Information Technology Agreement (ITA), companies like IBM could be forced to pierce production comforts abroad to Russia, in sequence to sojourn rival in a sepulchral Russian market. If Russia joins a ITA, IBM estimates that expansion in a tens of millions of dollars will be generated over a subsequent 5 years, that means high-tech pursuit expansion for New York.
“It is essential that a Administration forges giveaway trade alliances with Russia that are set on a turn personification margin for American high-tech firms, that allows them to contest sincerely in a sepulchral Russian market,” pronounced Schumer. “During tough mercantile times, it is vicious that flourishing information record companies like IBM continue to deposit in New York, and are not forced to boat good-paying jobs abroad since of barriers to trade. As a Administration negotiates with Russia on advent to a World Trade Organization, we can't let Russia go behind on a vicious fasten to join a Information Technology Agreement, that would yield American IT companies like IBM in New York duty-free entrance to a rising Russian marketplace for products like computers, telecommunication apparatus and more. If a Russians wish a best record a universe has to offer, they need
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