Political Quotes

Trent Lott: When an agreement was finally reached in 1994, major U.S. shipbuilders expressed their objections with the terms of the…

On the recordJanuary 21, 1997
When an agreement was finally reached in 1994, major U.S. shipbuilders expressed their objections with the terms of the OECD Shipbuilding Agreement before it was signed by the U.S. and other parties. These builders articulated to the Administration their concerns with the very generous transition concessions granted to the foreign signatories, the changing market conditions with the growing prominence of China, and the ineffective ``injurious pricing'' or anti- dumping provision--especially in light of South Korea's massive expansion of its shipbuilding capacity throughout the negotiations.
Said by
Trent Lott

Editor's note · Context

Discussing U.S. shipbuilders' objections to the OECD Shipbuilding Agreement during a floor speech.

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