The US extended the normal trade relations regime for Belarus

June 21, Minsk /BelTA/. The U.S. Federal Register, in accordance with the directive of Secretary of State Hillary Clinton dated June 17, 2010, published a U.S. State Department notice on the extension of the normal trade relations (NTR) regime for Belarus for another 12 months, during which the Jackson-Vanik amendment to the Trade Act of 1974 is suspended. This was reported to BelTA by the Ministry of Foreign Affairs of Belarus. This decision by the American administration will allow Belarusian exporters to benefit from preferential treatment in trade with the United States. The benefit for an exporting country from using NTR is that the country exports its products by paying lower customs duties, thereby increasing the competitiveness of its products in the American market.-0-