Senate agrees to trade agreement with Russia - WBOY.com: Clarksburg, Morgantown: News, Sports, Weather

Senate agrees to trade agreement with Russia

Posted: Updated:
  • GovernmentGovernmentMore>>

  • U.S. Rep. Capito speaks at EPA hearing in Washington, DC

    U.S. Rep. Capito speaks at EPA hearing in Washington, DC

    Tuesday, July 29 2014 12:26 PM EDT2014-07-29 16:26:16 GMT
    U.S. Rep. Shelley Moore Capito,R-W.Va., won the Republican nomination for the U.S. Senate seat in the 2014 Primary Election. U.S. Rep. Shelley Moore Capito,R-W.Va., won the Republican nomination for the U.S. Senate seat in the 2014 Primary Election.
    U.S. Rep. Shelley Moore Capito, R-W.Va., testified,  along with several other lawmakers and representation from the Sierra Club, a national activism group.
    U.S. Rep. Shelley Moore Capito, R-W.Va., testified,  along with several other lawmakers and representation from the Sierra Club, a national activism group.
  • Charleston, WV group plans to deliver clean water to Detroit

    Charleston, WV group plans to deliver clean water to Detroit

    Tuesday, July 29 2014 12:14 PM EDT2014-07-29 16:14:24 GMT
    The Keeper of the Mountains Foundation will make a trip from Charleston to Detroit to deliver over 1,000 gallons of water by July 30.
    The Keeper of the Mountains Foundation will make a trip from Charleston to Detroit to deliver over 1,000 gallons of water by July 30.
  • West Virginia union PAC gets $250k check

    West Virginia union PAC gets $250k check

    Tuesday, July 29 2014 9:43 AM EDT2014-07-29 13:43:38 GMT
    The super PAC named Honest West Virginians received the check from the West Virginia State Building & Construction Trades Council in late June.
    The super PAC named Honest West Virginians received the check from the West Virginia State Building & Construction Trades Council in late June.

The U.S. Senate has agreed to a trade agreement with Russia.

The Permanent Normal Trade Relations with Russia legislation passed the Senate Dec. 6 by a 92-4 vote. Sen. Joe Manchin, D-W.Va., voted in favor of the measure, but Sen. Jay Rockefeller, also D-W.Va., did not cast a vote. Manchin said he voted for the agreement because it will create jobs.

"With a strong trading relationship with Russia, this agreement will increase our ability to create jobs, particularly in the manufacturing sector," Manchin said. "West Virginia is already exporting nearly $10 million a year in goods to Russia, and this will only increase trading opportunities in important sectors to our state's economy. The strong bipartisan support for this agreement demonstrates that it will help all Americans compete on a fair playing field."

According to information from Manchin's office, the agreement will allow a clear path for additional exports, with tariffs on chemical products dropping from an average of 6.7 percent to 5.3 percent. In addition, tariffs on tractors would drop from 15.3 percent to 6.3 percent. West Virginia's exports to Russia have grown more than 27 percent over the past year and experts project export growth to continue if the agreement is enacted.

However, if the U.S. denied Permanent Normal Trade Relations to Russia, American exporters would be unable to compete with foreign competitors or hold Russia accountable to its obligations through the World Trade Organization, according to Manchin's office.

The U.S. House of Representatives agreed to the measure Nov. 16 by a vote of 365-43.