Boeing Commends Senate Action Supporting U.S. Exports to Russia
CHICAGO, Dec. 6, 2012 /PRNewswire/ -- Boeing (NYSE:
BA) today commended the Senate for its approval of legislation
previously enacted by the House that establishes Permanent Normal
Trade Relations (PNTR) with Russia.
"Today's action by the Senate sends long-sought legislation to
the president's desk that offers enormous opportunity for U.S.
exports, economic growth and jobs," Boeing Chairman, President and
CEO Jim McNerney said. "We
commend Senators Reid and McConnell for bringing legislation already
passed by the House to the Senate floor, as well as Senators
Baucus, Hatch, Kerry, Thune and McCain for their longstanding
support of Russia PNTR."
Russia is a nation rich in
natural resources with a $1.9
trillion economy. In 2011 it imported more than $400 billion of goods and services. It is a
growing market that offers significant opportunity for workers in a
broad range of American industries – telecommunications, energy,
agriculture, chemicals, machinery, medical equipment and aerospace,
to name just a few.
Boeing forecasts that Russian airlines will purchase some 900
commercial airplanes over the next 20 years, a market valued at
approximately $100 billion.
"We urge President Obama to sign this important legislation
without delay," McNerney said. "Russia has made significant concessions to
join the World Trade Organization and the governments of 155 other
nations have already normalized trade relations with Russia.
We must do the same to ensure that American exporters and their
employees have the same advantages as their foreign competitors
when doing business in Russia."
www.boeing.com
Contact:
Tim Neale, 703 465 3220
SOURCE Boeing