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Alcoa CEO Klaus Kleinfeld Applauds Bipartisan Effort to Establish PNTR with Russia
Edited by : AL CIRCLE
1 min read
Alcoa Chairman and CEO Klaus Kleinfeld praised the bipartisan leadership that led to today's signing of the Russia and Moldova Jackson-Vanik Repeal Act of 2012 in the Oval Office at the White House. President Obama's signature paves the way for Permanent Normal Trade Relations with Russia through the rules-based World Trade Organization (WTO).
Kleinfeld witnessed today's signing by the president in the Oval Office. "We applaud President Obama for signing this important legislation that guarantees U.S. companies the same advantages of Russia's WTO commitments as our foreign competitors," Kleinfeld said. "This is a historic moment in U.S.-Russia relations and marks the beginning of a new era in bilateral commercial cooperation that will benefit global trade and American jobs."
Alcoa first began commercial operations in Russia in 1993. Today, the company employs approximately 5,300 people at its manufacturing operations in Samara, Belaya Kalitva and in Moscow. With over 140 million people and over $300 billion in imports in 2011, Russia represents a large and growing market for U.S. manufactured goods and the ninth largest economy.
Alcoa first began commercial operations in Russia in 1993. Today, the company employs approximately 5,300 people at its manufacturing operations in Samara, Belaya Kalitva and in Moscow. With over 140 million people and over $300 billion in imports in 2011, Russia represents a large and growing market for U.S. manufactured goods and the ninth largest economy.
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