On the recordAugust 3, 2010
We have urged China in every fora, bilaterally, through the G-20 and others, to allow their currency to float to market rates.
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Ron Kirk
Source
congress.govWe have urged China in every fora, bilaterally, through the G-20 and others, to allow their currency to float to market rates.
Kirk discusses U.S. efforts to influence China's currency policy.
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The most important distinction between this and China, Senator, is that, in the case of Russia, we insisted that they put in place their laws to implement the WTO rules before we would allow them to accede to the WTO.
I think if there is any area that the administration has distinguished ourselves in, it is at our very strong elevation of trade enforcement to the same level that we have for opening up new markets.
Let's not give Russia that 10-year liberal period that China--China agreed that they would join the GPA within 10 years.