English

USA extends normal trade relations status for Belarus

US State Secretary Hillary Clinton has issued a determination extending by another 12 months the Jackson-Vanik waiver for Belarus, BelaPAN reports.

Belarus is a country that has conditional normal trade relations with the United States under the Jackson-Vanik amendment to the Trade Act of 1974 and enjoys the same financial and trade advantages as a country with permanent normal trade relations status.

Thanks to the further extension of the waiver authority, Belarusian exporters will continue to pay lower customs duties, which therefore increases the competitiveness of their products in the US market, said the press office of the Belarusian foreign ministry.

The determination, dated May 27, was published in the Federal Register on June 17.