On the recordNovember 15, 2012
Thank you so much, Mr. Chairman, for your kind words, but also for what you have done for this country as far as trade and how you have really worked so hard to make sure that all of the Members of Congress realize the impact that trade has for our economy and for our place in the world. Either bilateral agreements, multilateral commitments, you were always there to make to sure that we moved forward on that, and I really thank you. I do rise in support today of this rule and H.R. 6156, to grant permanent normal trade relations to Russia. This important legislation is a small step toward a big reward. Without it, the United States exporters and service providers will continue to lose business to our foreign competitors that already have trade relationships with Russia. And once we lose those markets, our competitors will only become stronger and better-positioned to surpass the U.S. in a critical marketplace of the 21st-century global economy. According to the National Association of Manufacturers, Russia imported over $500 billion in goods last year; and of that total, only 5 percent came from U.S. exports. This bill will lift outdated policies that restrict American access to Russian markets. As a result, studies show that U.S. producers can expect to achieve double-digit increases over the next decade in exports of heavy machinery, agricultural machinery, chemicals and services.…
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