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September/October 2008

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James A. Morrissey, Washington Correspondent
 

Democratic Leaders Of Ways And Means Introduce Trade Bill

James A. Morrissey, Washington Correspondent

The Democratic leaders of the House Ways and Means Committee have introduced legislation designed to promote an effective US trade agenda and ensure that US trading partners abide by the rules of fair trade.

With the introduction of the far-reaching Trade Enforcement Act of 2008, Committee Chairman Rep. Charles Rangel, D-N.Y., and Trade Subcommittee Chairman Sander Levin, D-Mich., gave a powerful push behind legislation designed to address a number of trade problems including a huge trade deficit and loss of manufacturing jobs.

"The American public is skeptical about US trade policy in part because the public does not believe that our trading partners are playing by the same rules as the United States," Rangel said. "Our trading partners need to open their markets to US exporters. They need to stop providing trade-distorting subsidies and to stop dumping their products in our market. They need to protect intellectual property rights, and they need to ensure that their exports to the United States are safe."

Levin added: "We need to start enforcing the agreements that have been reached rather than passively accepting their breach. We need to a more assertive approach to the enforcement of our international agreements and trade laws."

Among other things, the bill would:


July 22, 2008