Dow Applauds Progress on Russia’s WTO Accession
November 14 2011 - 8:49AM
Business Wire
The Dow Chemical Company (NYSE: DOW) applauds the work of the
Government of the Federation of Russia, the US Administration and
all the members of the World Trade Organization (WTO) Working Party
in finalizing the technical details of Russia’s accession to the
WTO. These commercially meaningful terms of entry reflect Russia’s
dedicated commitment to a fully open, liberalized, rules-based
market.
“This is a tremendous step forward in creating more export
opportunities, access to the latest goods, technologies and
services, and most importantly, partnerships with foreign investors
in the further growth of Russia’s thriving business community,”
stated Andrew Liveris, Dow chairman and CEO. “We look forward to
working closely with the US Congress to ensure that American
companies can fully participate in the new market access that will
be made possible by removing the outdated legislation embodied in
Jackson Vanick.”
Dow has been a proud member of the Russian business community
since 1974. The country’s WTO accession will remove current
barriers to market access, streamline customs processing
requirements and create substantial export and investment
opportunities for American companies.
For Dow, Russia’s accession will further stabilize this
impressive investment climate and allow Dow’s US technology – from
energy efficiency to water filters to electronic materials to
nanotechnology – to play a role in addressing world challenges, and
in supporting Russia’s economic modernization agenda.
About The Dow Chemical Company
Dow (NYSE: DOW) combines the power of science and technology
with the "Human Element" to passionately innovate what is essential
to human progress. The Company connects chemistry and innovation
with the principles of sustainability to help address many of the
world's most challenging problems such as the need for clean water,
renewable energy generation and conservation, and increasing
agricultural productivity. Dow's diversified industry-leading
portfolio of specialty chemical, advanced materials, agrosciences
and plastics businesses delivers a broad range of technology-based
products and solutions to customers in approximately
160 countries and in high growth sectors such as electronics,
water, energy, coatings and agriculture. In 2010, Dow had annual
sales of $53.7 billion and employed approximately
50,000 people worldwide. The Company's more than 5,000
products are manufactured at 188 sites in 35 countries
across the globe. References to "Dow" or the "Company" mean The Dow
Chemical Company and its consolidated subsidiaries unless otherwise
expressly noted. More information about Dow can be found at
www.dow.com.
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