GRAHAM: Senator Hollings, whose judgment I respect in most issues, I think is wrong because America does not have the alternative of becoming an economically protectionist nation. We have got to participate and lead in the global economy, not attempt to avoid it.
Now that doesn't mean that we're going to engage in trade with the law of the jungle. We need to have some rules that are abided by, particularly in areas such as labor and environmental standards. We need to have a level playing field.
And you know what will happen if we do that? I've worked with Americans over the last 25 years, and I have found that consistently American are smart, they're hard working, they're creative. We can compete with anybody in the world if we have a level playing field in trade.
Dear President-Elect Bush,
Members of the Senate New Democrat Coalition and the House New Democrat Coalition [are] pro-growth, technology-oriented Democrats; we believe that the key to economic growth is the expansion of free and fair trade. We have provided the Democratic votes on key trade bills in the past, including the recently signed China trade bill, and the Africa and Caribbean trade initiative. We believe that granting Fast Track trading authority to the President of the United States for expansion of trade in the Americas is the next frontier. Many of our New Democrats supported Fast Track authority when President Clinton proposed it, and are inclined to support Fast Track authority should you propose it. However, in order to ensure a stronger bipartisan coalition than the one we have been able to assemble for previous free trade agreements, we need to work with you and your Administration on provisions that will provide for reasonable consideration of issues relating to labor and the environment. We also need to continue to expand the “winner’s circle” both domestically and abroad.
We are writing to urge you to bring legislation granting Permanent Normal Trade Relations (PNTR) status to China to the floor prior to the July 4th recess. It is important that we maintain the momentum that accompanied the passage of this legislation in the House.
In view of the unique legislative situation and the importance of avoiding a conference, we will work with the mangers of the bill to defeat all amendments. While we recognize the importance of Senate prerogatives and the right of each Member to offer amendments, this legislation merits a bipartisan effort to pass the bill as it has been sent to us from the House.
PNTR will give U.S. businesses and workers an opportunity to participate in the world’s fastest growing economy and ensure that the United States reaps the benefits that were negotiated last fall in the U.S./China World Trade Organization (WTO) Accession agreement. Access to China’s enormous population will help sustain American economic growth. In addition, having China in the WTO will force them to play by the rules of the international trade system.
With the continued strength of the U.S. economy and our leadership at stake, we pledge our support to this vital legislative initiative. Please know that we stand ready to assist you in this effort in any way.
The mission of the Cato Institute Center for Trade Policy Studies is to increase public understanding of the benefits of free trade and the costs of protectionism.
The Cato Trade Center focuses not only on U.S. protectionism, but also on trade barriers around the world. Cato scholars examine how the negotiation of multilateral, regional, and bilateral trade agreements can reduce trade barriers and provide institutional support for open markets. Not all trade agreements, however, lead to genuine liberalization. In this regard, Trade Center studies scrutinize whether purportedly market-opening accords actually seek to dictate marketplace results, or increase bureaucratic interference in the economy as a condition of market access.
Studies by Cato Trade Center scholars show that the United States is most effective in encouraging open markets abroad when it leads by example. The relative openness and consequent strength of the U.S. economy already lend powerful support to the worldwide trend toward embracing open markets. Consistent adherence by the United States to free trade principles would give this trend even greater momentum. Thus, Cato scholars have found that unilateral liberalization supports rather than undermines productive trade negotiations.
Scholars at the Cato Trade Center aim at nothing less than changing the terms of the trade policy debate: away from the current mercantilist preoccupation with trade balances, and toward a recognition that open markets are their own reward.
The following ratings are based on the votes the organization considered most important; the numbers reflect the percentage of time the representative voted the organization's preferred position.
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