Dow Chemical Applauds Announcement on the US-Russia Bilateral Agreement for Russia's World Trade Organization (WTO) Accession

Moscow - November 14, 2006

The Dow Chemical Company congratulates both Russian and American trade negotiators on concluding in principle a comprehensive and commercially meaningful bilateral agreement – enabling the next steps for Russia's accession to the World Trade Organization (WTO).

With operations in Russia since 1974, Dow supports commitment from both governments to move forward on a mutually-beneficial agreement. Russia's final accession to the WTO will demonstrate firm commitment to on-going reforms and improving the strong domestic investment climate.

“As we work to strengthen our presence in key growth geographies around the world, Russia's commitments on trade liberalization are extremely encouraging," stated Adriaan van den Berge, General Manager Dow in Russia. "These efforts demonstrate Russia's openness to investment and opportunities for multinationals and Russian companies to partner in support of further growth of this already dynamic domestic market", van den Berge added.

Dow is committed to supporting these final steps. As a member of the Coalition for US-Russia Trade, Dow will work closely with the U.S. Congress to grant Permanent Normal Trade Relations (PNTR) to secure the benefits of Russia’s WTO accession across the business community.

About The Dow Chemical Company

Dow is a diversified chemical company that harnesses the power of science and technology to improve living daily. The Company offers a broad range of innovative products and services to customers in more than 175 countries, helping them to provide everything from fresh water, food and pharmaceuticals to paints, packaging and personal care products. Built on a commitment to its principles of sustainability, Dow has annual sales of $46 billion and employs 42,000 people worldwide. References to "Dow" or the "Company" mean The Dow Chemical Company and its consolidated subsidiaries unless otherwise expressly noted.

About Dow in Russia

Dow first established a representation office in Moscow in 1974, and since then has grown to employ over 90 people. Dow offers a variety of plastics and specialty chemicals in Russia and the Commonwealth of Independent States (CIS) sold to a wide range of downstream industries including automotive, oil and gas, building, packaging, furniture, wire and cable, large appliances, water treatment and agricultural products. Dow is committed to building a plant for the production of STYROFOAM™ extruded polystyrene insulation boards (XPS), thermal insulation products designed to increase the energy efficiency of homes and commercial buildings. The plant, located in the village of Kryukovo, 57 km from the Moscow ring road, will enable Dow's Building Solutions business to supply central Russia as well as customers in Belarus, Kazakhstan and Ukraine. Dow and Izolan announced last November 1st that Dow Izolan, the Russian joint venture they formed in the Dow polyurethane systems business, has commenced formal operations to provide customer-tailored, polyurethane systems products to a growing customer base in Russia. Dow is evaluating further investment opportunities, in partnership with key domestic energy producers. Dow’s sales in Russia and the CIS in 2005 were more than 340 million US Dollars. More information on Dow or Dow in Russia can be found at www.dow.com or www.dow.ru.

®™^* Trademark of The Dow Chemical Company ("Dow") or an affiliated company of Dow

For Editorial Information:

Lisa Schroeter
The Dow Chemical Company
Phone (+1) 202 256 3396

Paolo Casciato
The Dow Chemical Company
Phone (+39) 335 1041740

Janna Perfilieva
Comunica
Phone (+7) 495 937 1914


About the Company Products and Services News and Information Contact Us e-Business Russia		Dow Chemical Applauds Announcement on the US-Russia Bilateral Agreement for Russia's World Trade Organization (WTO) Accession Moscow - November 14, 2006 The Dow Chemical Company congratulates both Russian and American trade negotiators on concluding in principle a comprehensive and commercially meaningful bilateral agreement – enabling the next steps for Russia's accession to the World Trade Organization (WTO). With operations in Russia since 1974, Dow supports commitment from both governments to move forward on a mutually-beneficial agreement. Russia's final accession to the WTO will demonstrate firm commitment to on-going reforms and improving the strong domestic investment climate. “As we work to strengthen our presence in key growth geographies around the world, Russia's commitments on trade liberalization are extremely encouraging," stated Adriaan van den Berge, General Manager Dow in Russia. "These efforts demonstrate Russia's openness to investment and opportunities for multinationals and Russian companies to partner in support of further growth of this already dynamic domestic market", van den Berge added. Dow is committed to supporting these final steps. As a member of the Coalition for US-Russia Trade, Dow will work closely with the U.S. Congress to grant Permanent Normal Trade Relations (PNTR) to secure the benefits of Russia’s WTO accession across the business community. About The Dow Chemical Company Dow is a diversified chemical company that harnesses the power of science and technology to improve living daily. The Company offers a broad range of innovative products and services to customers in more than 175 countries, helping them to provide everything from fresh water, food and pharmaceuticals to paints, packaging and personal care products. Built on a commitment to its principles of sustainability, Dow has annual sales of $46 billion and employs 42,000 people worldwide. References to "Dow" or the "Company" mean The Dow Chemical Company and its consolidated subsidiaries unless otherwise expressly noted. About Dow in Russia Dow first established a representation office in Moscow in 1974, and since then has grown to employ over 90 people. Dow offers a variety of plastics and specialty chemicals in Russia and the Commonwealth of Independent States (CIS) sold to a wide range of downstream industries including automotive, oil and gas, building, packaging, furniture, wire and cable, large appliances, water treatment and agricultural products. Dow is committed to building a plant for the production of STYROFOAM™ extruded polystyrene insulation boards (XPS), thermal insulation products designed to increase the energy efficiency of homes and commercial buildings. The plant, located in the village of Kryukovo, 57 km from the Moscow ring road, will enable Dow's Building Solutions business to supply central Russia as well as customers in Belarus, Kazakhstan and Ukraine. Dow and Izolan announced last November 1st that Dow Izolan, the Russian joint venture they formed in the Dow polyurethane systems business, has commenced formal operations to provide customer-tailored, polyurethane systems products to a growing customer base in Russia. Dow is evaluating further investment opportunities, in partnership with key domestic energy producers. Dow’s sales in Russia and the CIS in 2005 were more than 340 million US Dollars. More information on Dow or Dow in Russia can be found at www.dow.com or www.dow.ru. ®™^* Trademark of The Dow Chemical Company ("Dow") or an affiliated company of Dow For Editorial Information: Lisa Schroeter The Dow Chemical Company Phone (+1) 202 256 3396 Paolo Casciato The Dow Chemical Company Phone (+39) 335 1041740 Janna Perfilieva Comunica Phone (+7) 495 937 1914
	Dow Home : Our Locations : Europe : Russia : News and Information : Dow Chemical Applauds Announcement on the US-Russia Bilateral Agreement for Russia's World Trade Organization (WTO) Accession Dow Home Privacy Statement Internet Disclaimer Accessibility Statement Site Map Copyright © The Dow Chemical Company (1995-2008). All Rights Reserved.