Trade Priorities in the Clinton Administration: Hearing Before the Committee on International Relations, House of Representatives, One Hundred Fifth Congress, First Session, June 10, 1997, 4. sējums

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38. lappuse - China has targeted Mexico, Argentina, Brazil, Chile and Venezuela as "strategic priorities'' in Latin America. China wants to enhance commercial ties and ensure that key Latin countries are receptive to its broader global agenda as a rising power, both in the WTO and other fora. The Chinese leadership has undertaken an unprecedented number of trips to Latin America in the last two years, and Latin America is China's second fastest growing export market.
41. lappuse - In the financial services negotiations, we are committed to achieving a meaningful and comprehensive agreement by the end of the year. Earlier efforts to reach agreement were not successful due to inadequate offers by key countries. To successfully conclude these negotiations this year, our trading partners must significantly improve their commitments based on the GATS principles of market access, national treatment and MFN.
38. lappuse - ... agreements have been negotiated since 1992 — all without us. Argentina, Brazil, Paraguay, and Uruguay have formed a common market, MERCOSUR, which has a GDP of approximately $1 trillion and ambitions to expand to all of South America. MERCOSUR is the largest economy in Latin America and encompasses a population of 200 million. It has struck agreements with Chile and Bolivia, and is discussing agreements with a number of Andean countries (Colombia, Venezuela), as well as countries within the...
56. lappuse - SBA reports indicated other agencies' compliance records varied by subagency. For example, in the report for 1988 the Chief Counsel said the Food Safety and Inspection Service and the Animal and Plant Health Inspection Service within the US Department of Agriculture were "cognizant of their RFA responsibilities, while other parts of the agency ignore the Act.
37. lappuse - Our competitors would like nothing better than for us to sideline ourselves, debating NAFTA and our relationship with Mexico for years to come while they move ahead! It would be a serious, self-inflicted wound. America is poised to seize great opportunities. Our competitors cannot beat us; we can only lose by removing ourselves. We can, in short, lose our momentum, abdicate...
7. lappuse - ... just 8 percent in 1950 and 11 percent in 1970. • Since 1993, the increase in US exports has accounted for more than one-third of total US economic growth and created one in seven new jobs; nearly 20 percent of US exports go to the East Asian emerging markets. • In global terms, more than eleven million Americans now work in jobs supported by exports; these jobs pay 13-16 percent above the national average wage. The western Pacific is our most important regional market taking 30 percent of...
10. lappuse - ... the region at $2.8 trillion and expect real growth of 6 to 7 percent annually for the next 15 years. Other countries are breaking down barriers for their producers. Since 1992, our competitors have negotiated 30 regional trade pacts without us. In every region of the world, this process continues. MERCOSUR is a developing customs union with ambitions to expand to all of South America; the EU has begun a process to reach free trade with MERCOSUR; China's "strategic priorities" include Mexico,...
10. lappuse - ... their producers. Since 1992, our competitors have negotiated 30 regional trade pacts without us. In every region of the world, this process continues. MERCOSUR is a developing customs union with ambitions to expand to all of South America; the EU has begun a process to reach free trade with MERCOSUR; China's "strategic priorities" include Mexico, Argentina, Brazil, Chile, and Venezuela; Japan has undertaken high-level efforts in Asia and Latin America. Canada has reached a trade agreement with...
47. lappuse - Charter, which was the effort to establish the International Trade Organization after World War II. We were gratified that at the WTO Ministerial in Singapore, the trading nations of the world acknowledged, for the first time in a Ministerial declaration, the importance of core labor standards to trade, although we fought for stronger steps. Advancing worker rights and labor standards is in our national interest and it is consistent with our deepest national values.
38. lappuse - American free trade area, but also by a clear strategic objective regarding commercial expansion and a stronger position in world affairs. • The EU has begun a process aimed at reaching a free trade agreement with MERCOSUR. They have also concluded a framework agreement with Chile that is set up to lead to a free trade agreement. • China has targeted Mexico, Argentina, Brazil, Chile and Venezuela as "strategic priorities

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