Wyden Supports Move to Disqualify Russia from Preferential Trade Program

WASHINGTON - Senate Finance Committee Chairman Ron Wyden, D-Ore., issued a statement supporting the U.S. Trade Representative’s decision to remove Russia from the Generalized System of Preferences trade program.

“I support the President’s decision to cut off Russia from preferential trade benefits under the Generalized System of Preferences program, which gives countries reduced tariff rates, as Russia clearly no longer meets GSP eligibility requirements,” Wyden said. “I look forward to extending this important program as quickly as possible, so that it may continue creating new opportunities for U.S. companies to build economic ties with developing countries and drive economic growth.”

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