Wednesday, March 7, 2012

HOUSE WAYS AND MEANS CHAIRMAN INTRODUCES LEGISLATION TO CURB CHINA'S TRADE ADVANTAGES


The following excerpt is from Congressman Dave Camp's website:
"Combating China’s Trade Unfair Practices
Last week, Congressman Camp joined several members of the Ways and Means Committee, including Ranking Member Sander Levin (D-Royal Oak), in introducing legislation to protect American consumers, workers and job creators from unfair trade practices by China.  “This legislation preserves our ability to fight unfair subsidies granted by countries like China that injure our industries, cost U.S. jobs, and distort the market. Distorting trade policies are deeply troubling and cannot be allowed to stand."
Congressman Camp also led the committee in a hearing on the president's trade policy agenda and the future of U.S. trade negotiations with U.S. Trade Ambassador Ron Kirk. At the hearing, Camp urged Ambassador Kirk to take a more proactive stance in enforcing U.S. rights in regard to unfair and illegal Chinese trade practices, “There are too many problems with China that continue to put our workers and our businesses at a disadvantage – from indigenous innovation policies to subsidies to intellectual property theft to currency undervaluation – just to mention a few. We must push China on every front, and the Administration must ensure that China’s commitments are fully implemented.” 

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