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For Immediate Release
Office of the Press Secretary
July 22, 2001

Fact Sheet: Russian-American Business Dialogue

The Russian-American Business Dialogue is intended to give new impetus to U.S.-Russian trade and investment relations. By elevating involvement of the business community in bilateral discussions, the United States seeks to promote economic reform, a transparent and predictable business climate and the rule of law in Russia, while encouraging change that will help Russia to meet WTO standards. The Dialogue is also a vehicle to expand bilateral business opportunities and to bring new entrants into our trade and investment relations. It will seek to:

Organized by the private sector, the Dialogue is open to interested American and Russian companies and business associations, both large and small.

The United States and Russian governments have pledged Cabinet level representation to receive a first formal report of the Dialogue at a meeting early next year. Government officials may participate in other Dialogue events, as invited by business.

Commerce Secretary Evans and Treasury Secretary O'Neill will discuss plans for the Dialogue when they meet with American and Russian companies in Russia on July 26 and 27.


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