Obama grants Russia 'permanent normal trade relations'
WASHINGTON Dec 20 (Reuters) - President Barack Obama on Thursday formally granted "permanent normal trade relations" to Russia, following recent congressional action that cleared the way for him to remove a Cold War-era vestige on trade.
"The Russian Federation has been found to be in full compliance with the freedom of emigration requirement" under the 1974 Jackson-Vanik amendment, Obama said in a proclamation.
That provision tied favorable U.S. tariffs rates to the rights of Jews in the former Soviet Union to emigrate freely.
- Search planes scour sea for missing Malaysian jetliner |
- Timeline: Malaysia Airlines flight to Beijing missing in Asia
- Missing Malaysian jet may have disintegrated in mid-air: source |
- Exclusive: Malaysia plane probe narrows on mid-air disintegration - source
- Mexico kills drug kingpin reported dead years ago: official