Cochran: State should benefit from new Russian trade status
WASHINGTON, D.C. — U.S. Sen. Thad Cochran (R-Miss.) expects Mississippi will benefit from Senate passage of legislation to expand trade relations status to Russia.
The legislation (HR.6156) also links Russia’s trade status with the United States to fundamental human rights compliance.
The Senate approved the measure on a 92-4 vote, clearing the way for it to be sent to the White House. The House of Representatives passed the bill, 365-43, Nov. 16.
“This action should open doors for more exports from Mississippi. Although we already ship agricultural and manufactured goods to Russia, this act gives Mississippi the chance to create more jobs and economic activity through expanded trade with Russia, Moldova and other nations,” Cochran said.
The measure is supported by the Mississippi Manufacturers Association and agricultural producers in the state, according to a release from Cochran’s office.
Mississippi in 2011 exported $55 million in goods to Russia, according to the Business Roundtable. The Magnolia State ranks 29th among states overall in trade with Russia, primarily through exports of poultry and agriculture products, paper, computer and electronic equipment, machinery, furniture and fixtures.
In 2010, Cochran was among a number of U.S. senators who pressured the Obama administration and the Russian government to resolve a dispute over U.S. poultry. In January 2010, Russia implemented a complete ban on U.S. poultry imports citing concerns over chlorine rinses used by American producers.
To sign up for Mississippi Business Daily Updates, click here.
Top Posts & Pages
- Host families prepare for Mississippi Braves’ season
- Ridgeland property rights tussle is expected to have wide impact
- JOSH MABUS — Mississippi’s Healthcare: Not a quality problem, a marketing problem
- HUNTER ARNOLD: Mississippi, Gulf Coast states focus on global business markets
- Mississippi takes an incentives licking, keeps on ticking
- Investors in Northbrook complex say Ridgeland targeting its own collateral for demolition
- AWAITING ITS FATE: Gables complex may have to shrink to meet law
- PHIL HARDWICK: When will Mississippi change its culture?
- Mississippi furniture makers on rebound with more exports