On the recordAugust 1, 2002
I am convinced by the overall fundamental performance of our economy, during a period of expanded trade and the successful completion of trade deals, that expanding international trade generally and expanding markets for American products in particular is good for the United States. With every step down the road toward a freer, more open international trading system, I believe that the risks are becoming greater and the rewards are less clear. The risks we face--to our own workers' ability to control their destinies, to the peoples of our new trading partners, to the global environment--are growing as we expand trade deals into regions of the world that lack many of the fundamentals needed for a balanced trade relationship. The rewards from moving deeper into those less developed economies could be substantial, for us and for them. But I am afraid that without stronger protections, and those benefits may never materialize for the vast majority of the citizens of the poorest developing nations.
Source
govinfo.gov




