Debbie Stabenow on Free Trade
Democratic Jr Senator; previously Representative (MI-8)
End trade agreements to keep jobs here
Q: Has NAFTA lost us jobs? Should trade agreements end and enter into new ones?
STABENOW: Yes. I supported tax cuts for businesses here to keep jobs here. We need to create a race to the top.
BOUCHARD: She’s voted for MFN status for China - but complains about China and Bush.
Source: 2006 Michigan Senate Debate in Grand Rapids
, Oct 15, 2006
Voted NO on promoting free trade with Peru.
Approves the Agreement entered into with the government of Peru. Provides for the Agreement's entry into force upon certain conditions being met on or after January 1, 2008. Prescribes requirements for:
- enforcement of textile and apparel rules of origin;
- certain textile and apparel safeguard measures; and
- enforcement of export laws governing trade of timber products from Peru.
Proponents support voting YES because:
Rep. RANGEL: It's absolutely ridiculous to believe that we can create jobs without trade. I had the opportunity to travel to Peru recently. I saw firsthand how important this agreement is to Peru and how this agreement will strengthen an important ally of ours in that region. Peru is resisting the efforts of Venezuela's authoritarian President Hugo Chavez to wage a war of words and ideas in Latin America against the US. Congress should acknowledge the support of the people of Peru and pass this legislation by a strong margin.
Opponents recommend voting NO because:
Rep. WU: I regret that I cannot vote for this bill tonight because it does not put human rights on an equal footing with environmental and labor protections.
Rep. KILDEE: All trade agreements suffer from the same fundamental flaw: They are not self-enforcing. Trade agreements depend upon vigorous enforcement, which requires official complaints be made when violations occur. I have no faith in President Bush to show any enthusiasm to enforce this agreement. Congress should not hand this administration yet another trade agreement because past agreements have been more efficient at exporting jobs than goods and services. I appeal to all Members of Congress to vote NO on this. But I appeal especially to my fellow Democrats not to turn their backs on those American workers who suffer from the export of their jobs. They want a paycheck, not an unemployment check.
Reference: Peru Trade Promotion Agreement Implementation Act;
Bill H.R. 3688
; vote number 2007-413
on Dec 4, 2007
Voted NO on implementing CAFTA for Central America free-trade.
Approves the Dominican Republic-Central America-United States-Free Trade Agreement entered into on August 5, 2005, with the governments of Costa Rica, the Dominican Republic, El Salvador, Guatemala, Honduras, and Nicaragua (CAFTA-DR), and the statement of administrative action proposed to implement the Agreement. Voting YES would:
Reference: Central America Free Trade Agreement Implementation Act;
Bill HR 3045
; vote number 2005-209
on Jul 28, 2005
- Progressively eliminate customs duties on all originating goods traded among the participating nations
- Preserve US duties on imports of sugar goods over a certain quota
- Remove duties on textile and apparel goods traded among participating nations
- Prohibit export subsidies for agricultural goods traded among participating nations
- Provide for cooperation among participating nations on customs laws and import licensing procedures
- Recommend that each participating nation uphold the Fundamental Principles and Rights at Work
- Urge each participating nation to obey various international agreements regarding intellectual property rights
Voted YES on establishing free trade between US & Singapore.
Vote to pass a bill that would put into effect a trade agreement between the US and Singapore. The trade agreement would reduce tariffs and trade barriers between the US and Singapore. The agreement would remove tariffs on goods and duties on textiles, and open markets for services The agreement would also establish intellectual property, environmental and labor standards.
Reference: US-Singapore Free Trade Agreement Implementation Act;
Bill S.1417/HR 2739
; vote number 2003-318
on Jul 31, 2003
Voted YES on establishing free trade between the US and Chile.
Vote to pass a bill that would put into effect a trade agreement between the US and Chile. The agreement would reduce tariffs and trade barriers between the US and Chile. The trade pact would decrease duties and tariffs on agricultural and textile products. It would also open markets for services. The trade pact would establish intellectual property safeguards and would call for enforcement of environmental and labor standards.
Reference: US-Chile Free Trade Agreement Implementation Act;
Bill S.1416/HR 2738
; vote number 2003-319
on Jul 31, 2003
Voted NO on extending free trade to Andean nations.
HR3009 Fast Track Trade Authority bill: To extend the Andean Trade Preference Act, to grant additional trade benefits under that Act, and for other purposes. Vote to pass a bill that would enlarge duty-free status to particular products from Colombia, Bolivia, Peru, and Ecuador, renew the president's fast-track authority and reauthorize and increase a program to make accessible retraining and relocation assistance to U.S. workers hurt by trade agreements. It would also approve a five-year extension of Generalized System of Preferences and produce a refundable 70 percent tax credit for health insurance costs for displaced workers.
; vote number 2002-130
on May 23, 2002
Voted YES on granting normal trade relations status to Vietnam.
Vote to grant annual normal trade relations status to Vietnam. The resolution would allow Vietnamese imports to receive the same tariffs as those of other U.S. trading partners.
; vote number 2001-291
on Oct 3, 2001
Voted YES on removing common goods from national security export rules.
Vote to provide the president the authority to control the export of sensitive dual-use items for national security purposes. The bill would eliminate restrictions on the export of technology that is readily available in foreign markets.
; vote number 2001-275
on Sep 6, 2001
Voted NO on withdrawing from the WTO.
Vote on withdrawing Congressional approval from the agreement establishing the World Trade Organization [WTO].
Reference: Resolution sponsored by Paul, R-TX;
Bill H J Res 90
; vote number 2000-310
on Jun 21, 2000
Voted NO on 'Fast Track' authority for trade agreements.
Vote to establish negotiating objectives for trade agreements between the United States and foreign countries and renew 'fast track' authority for the President.
Reference: Bill introduced by Archer, R-TX.;
Bill HR 2621
; vote number 1998-466
on Sep 25, 1998
Build a rule-based global trading system.
Stabenow adopted the manifesto, "A New Agenda for the New Decade":
Write New Rules for the Global Economy
The rise of global markets has undermined the ability of national governments to control their own economies. The answer is neither global laissez faire nor protectionism but a Third Way: New international rules and institutions to ensure that globalization goes hand in hand with higher living standards, basic worker rights, and environmental protection. U.S. leadership is crucial in building a rules-based global trading system as well as international structures that enhance worker rights and the environment without killing trade. For example, instead of restricting trade, we should negotiate specific multilateral accords to deal with specific environmental threats.
Goals for 2010
Source: The Hyde Park Declaration 00-DLC1 on Aug 1, 2000
- Conclude a new round of trade liberalization under the auspices of the World Trade Organization.
- Open the WTO, the World Bank, and International Monetary Fund to wider participation and scrutiny.
- Strengthen the International Labor Organization’s power to enforce core labor rights, including the right of free association.
- Launch a new series of multinational treaties to protect the world environment.
Rated 17% by CATO, indicating a pro-fair trade voting record.
Stabenow scores 17% by CATO on senior issues
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.
Source: CATO website 02n-CATO on Dec 31, 2002
Extend trade restrictions on Burma to promote democracy.
Stabenow co-sponsored extending trade restrictions on Burma to promote democracy
A joint resolution approving the renewal of import restrictions contained in the Burmese Freedom and Democracy Act of 2003. The original act sanctioned the ruling military junta, and recognized the National League of Democracy as the legitimate representative of the Burmese people.
Legislative Outcome: Related bills: H.J.RES.44, H.J.RES.93, S.J.RES.41; became Public Law 110-52.
Source: S.J.RES.16 07-SJR16 on Jun 14, 2007
Sponsored bill for tariffs against undervalued currency.
Stabenow sponsored H.R.2378 & S.1027
Amends the Tariff Act of 1930 to require the administering authority to determine, based on certain requirements, whether the exchange rate of the currency of an exporting country is undervalued or overvalued (misaligned) against the U.S. dollar for an 18-month period; and to take certain actions under a countervailing duty or antidumping duty proceeding to offset such misalignment in cases of an affirmative determination. Congress makes the following findings:
Source: Currency Reform for Fair Trade Act 09-HR2378 on May 13, 2009
- The strength, vitality, and stability of the US economy and the openness and effectiveness of the global trading system are critically dependent upon an international monetary regime of orderly and flexible exchange rates.
Increasingly in recent years, a number of foreign governments have undervalued their currencies by means of protracted, large-scale intervention in foreign exchange markets, and this fundamental misalignment has substantially contributed to distortions in trade flows.
- This exchange depreciation serves as a subsidy for, and facilitates dumping of, exports from countries that engage in this mercantilist practice.
- It is consistent with the agreements of the World Trade Organization and the International Monetary Fund that US trade law make explicit that fundamental undervaluation by an exporting country of its currency is actionable as a countervailable export subsidy and alternatively can be offset by antidumping duties.
Insist on access to post-mad-cow Japanese beef markets.
Stabenow signed S.RES.452 & H.RES.1196
RESOLUTION Supporting increased market access for exports of United States beef and beef products to Japan.
- Whereas, in 2003, Japan was the largest market for US beef, with exports valued at $1,400,000,000;
- Whereas, after the discovery of 1 Canadian-born cow infected with bovine spongiform encephalopathy ([known as "mad cow disease"] or BSE) disease in Dec. 2003, Japan closed its market to US beef, and still restricts access to a large number of safe US beef products;
- Whereas for years the US has developed and implemented a multilayered system of interlocking safeguards to ensure the safety of US beef, and after the 2003 discovery, the US implemented further safeguards to ensure beef safety;
- Whereas a 2006 study by the USDA found that BSE was virtually nonexistent in the US;
- Whereas, from 2004 through 2009, US beef exports to Japan averaged roughly $196,000,000, less than 15% of the amount the US sold to Japan in 2003, causing significant losses for
US cattle producers; and
- Whereas, while Japan remains an important trading partner of the US, this unscientific trade restriction is not consistent with fair trade practices, nor with US treatment of Japanese imports:
Now, therefore, be it Resolved, That it is the sense of the Senate that--
Source: Resolution on Japanese trade 10-SR452 on Mar 11, 2010
- it is not in the interest of either the US or Japan to arbitrarily restrict market access for their close partners;
- trade between the US and Japan should be conducted with mutual respect and based on sound science;
- since banning US beef in Dec. 2003, Japan has not treated US beef producers fairly;
- both Japan and the US should comply with guidelines based on sound science;
- Japan should immediately expand market access for US exporters of both bone-in and boneless beef beyond the existing standard of beef from cattle 20 months and younger; and
- the President should insist on increased access for US exporters of beef and beef products to the market in Japan.
Impose tariffs against countries which manipulate currency.
Stabenow signed Currency Reform for Fair Trade Act
- Amends the Tariff Act of 1930 to include as a "countervailable subsidy" requiring action under a countervailing duty or antidumping duty proceeding the benefit conferred on merchandise imported into the US from foreign countries with fundamentally undervalued currency.
- Defines "benefit conferred" as the difference between:
- the amount of currency provided by a foreign country in which the subject merchandise is produced; and
- the amount of currency such country would have provided if the real effective exchange rate of its currency were not fundamentally undervalued.
- Determines that the currency of a foreign country is fundamentally undervalued if for an 18-month period:
- the government of the country engages in protracted, large-scale intervention in one or more foreign exchange markets
- the country's real effective exchange rate is undervalued by at least 5%
- the country has experienced significant and persistent global current account
- the country's government has foreign asset reserves exceeding the amount necessary to repay all its debt obligations.
[Explanatory note from Wikipedia.com "Exchange Rate"]:
Between 1994 and 2005, the Chinese yuan renminbi was pegged to the US dollar at RMB 8.28 to $1. Countries may gain an advantage in international trade if they manipulate the value of their currency by artificially keeping its value low. It is argued that China has succeeded in doing this over a long period of time. However, a 2005 appreciation of the Yuan by 22% was followed by a 39% increase in Chinese imports to the US. In 2010, other nations, including Japan & Brazil, attempted to devalue their currency in the hopes of subsidizing cheap exports and bolstering their ailing economies. A low exchange rate lowers the price of a country's goods for consumers in other countries but raises the price of imported goods for consumers in the manipulating country.
Source: HR.639&S.328 11-S0328 on Feb 14, 2011
Page last updated: Aug 06, 2014