Max Baucus: “I rise in support of S. 643, which implements the agreement between the United States and Jordan establishing a Free…”

“I rise in support of S. 643, which implements the agreement between the United States and Jordan establishing a Free Trade Area. The legislation passed the Finance Committee and is now on the Senate calendar. Jordan has been one of the few Arab states to actively work with the United States to establish a real and lasting peace in the Middle East. The U.S.-Jordan FTA represents a solid trade agreement as well as a strong signal of support to a valued ally. Although Jordan is not currently a major trading partner of the United States, this agreement should open the door for increased trade and commerce between the U.S. and Jordan. More importantly, it is my sincere hope it will help to bring peace to the region through economic stability. The principal feature of the U.S.-Jordan FTA is the mutual elimination of tariffs within 10 years. Modeled after the U.S.-Israel FTA, it also limits other non-tariff trade barriers and establishes a mechanism for the settlement of disputes. The agreement is also unique. Most notably, it specifically states that each country shall strive to maintain and enforce its respective labor and environmental laws. I recognize that these particular provisions have sparked some debate. However, I see them as historic progress on a vexing issue.”