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.
FOLLOW THE MBJ ON TWITTERMy Tweets
Top Posts & Pages
- Travis retiring as head of Mississippi World Trade Center
- Pearl ordering rental properties to retrofit with sprinklers, build storm shelters
- Court rules board can discipline West Virginia radiologist
- Drew Brees settles lawsuit alleging investment fraud
- Winchester lands $50M ammunition contract from Homeland Security
- Deer processors need to use caution to insure safe, tasty venison
- Legislators begin work on FY2016 state budget
- Biloxi baseball project still alive but may be held for 2015
- Doctor convicted of using phony church for tax shelter