On the recordNovember 15, 2012
You believe in this institution, and I think that's been reflected. So let me just say a few words--we'll debate it, perhaps, longer tomorrow--why this trade bill should be passed. I think we need to take each trade bill on its own merits. When you look at the need to move here today to grant PNTR, I think the answer is we clearly should. First of all, Russia is now in the WTO, and it has gone in with certain requirements; for example, no export subsidies are allowed. That's a change, and that's beneficial to those of us who want to trade with them so they don't rig the deck against us and for them. And there are major reductions in tariffs. Also, now that they're in the WTO, there is a dispute settlement system. So when they violate the requirements, there's a dispute settlement system that can be enforced. If we don't grant PNTR, we can't access that dispute settlement system. Also, it's so important that there be strong enforcement. A number of my colleagues put forth some legislation that proposed that we beef up the enforcement provisions within this bill, and that's been done. Our staff on the Democratic side worked assiduously with the Senate, and the essence of those provisions are now in this bill. So that's another reason to vote for it, because strong enforcement is critical to good trade legislation. Also, I would urge everybody to look at what are the exports from this country and the imports from Russia.…





