On the recordNovember 16, 2012
I want to make a number of points, but first to join with the chairman of the committee. We have worked hard on this legislation on a bipartisan basis, and also with the Senate. I think these are the important points, if I might say so. First of all, I urge that we take each trade agreement very much on its own, maybe not completely looking at other agreements but assessing the merits of each particular agreement. And when you look at this agreement on its merits, it's clear, I urge, we should be supportive. If you look at the flow of trade that will be enhanced by this legislation, it's clear that it will be beneficial to our country. The major exports from our country to Russia are machinery, motor vehicles, and aircraft. These are products made in America by American companies and by American workers. So essentially, this will enhance our ability. Russia, in terms of taking this on its own, is already in the WTO, and the question is whether we will be able to access their markets. The next point: there is also a question of enforcement. Trade agreements by themselves will not be enough. There has to be built in strong enforcement and a willingness to enforce. And this agreement, with the help of colleagues, some of whom will be here to speak today, this agreement has strengthened enforcement provisions. Those were worked out with the Senate, and I want to thank the Senators for working with us.…





