House Ways & Means to Hold Feb 29 Hearing on Trade Policy with USTR Kirk
On February 29, 2012 the House Ways and Means Committee will hold a hearing on President Obama’s trade policy agenda with U.S. Trade Representative Ron Kirk and other witnesses. According to Committee Chairman Camp, the opening of new markets for U.S. businesses, workers, and farmers and strong enforcement of U.S. rights are essential to driving economic growth and job creation in the U.S.
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To Provide Opportunity to Discuss FTAs, TPP, China's Trade Barriers, Etc.
The first part of the hearing will provide an opportunity to explore with USTR Kirk current trade issues such as: (1) ensuring prompt implementation of the three free trade agreements with Colombia, Panama, and South Korea; (2) seeking to conclude a good Trans-Pacific Partnership (TPP) agreement this year; (3) considering Russia’s accession to the World Trade Organization (WTO); (4) improving the U.S.' trade relationship with China and addressing China’s trade barriers; (5) addressing the Obama Administration’s trade agency reorganization proposal and National Export Initiative (NEI); and (6) ensuring appropriate trade enforcement efforts.
To also Discuss WTO Negotiations, Treaties with China & India, EU Trade, Etc.
Additional discussion will focus on areas of potential future trade negotiations such as: (1) advancing WTO negotiations, including “post-Doha” issues at the WTO such as an international services agreement, Information Technology Agreement (ITA) expansion and a trade facilitation agreement; (2) completing Bilateral Investment Treaties (BITs) with China and India and exploring new BITs and investment opportunities; (3) deepening and expanding the trade and investment relationship with the European Union; and (4) establishing long-term, closer ties with important trading partners such as Latin America and India.