That's exactly right. This is a Cold War relic, this amendment that was put into place. The gentleman is correct that since 1992, we've on an annual basis waived its provisions, but we now need to move forward. The world has changed. As we look to move forward with expanding market access for our farmers, our businesses, especially small and mid-sized firms, it's critical that we grant permanent normalized trade relations if we're going to maintain U.S. competitiveness globally. Right now we're slipping. We're losing our competitive edge. A country like China, for instance, has consummated well over 100 trade agreements just in the last couple of years. We have done three, and it took us 5 years since the Bush administration to put in place three relatively small trade agreements. We need to take advantage of the WTO structure. And with Russia coming on board as the ninth largest economy, we have a huge opportunity to promote American competitiveness and American business interests at no cost to us. Staying out of this hurts us, and that's why we need to move forward. If we don't act to grant PNTR to Russia, our Nation's dedicated workforce, our determined business community, we'll be left at a competitive disadvantage, vis-a-vis our foreign competitors. Given the slow growth of our economy and the continued high unemployment rate, we can't allow this to happen. And with Europe struggling, this is an important market to help with global growth by helping U.S.…
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Thank you for providing me the opportunity to submit written testimony today.





