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Adam Smith: trade has become an issue that is very divisive in this country, and I rise today as a Democrat and a member of the New…

On the recordMay 4, 2000
trade has become an issue that is very divisive in this country, and I rise today as a Democrat and a member of the New Democratic Coalition to urge this body to remember the importance of expanding access to overseas market, the importance of trade to the growth of this Nation. I do that mindful of some of the protests that have been out there about our global trade policy and even somewhat in support of some of the complaints that people have said about trade policy. I think it is absolutely correct to look around the world and say what can we do to help improve human rights, to help improve labor standards, to help make sure that the entire globe protects the environment. And I think these issues need to be brought up more often in international discussions, not just involving trade, but in all discussions with other countries. Mr. Speaker, what can we do to help improve those things? I rise today just to remind people that even though those issues are important, we cannot forget the importance of open markets. It starts with the simple fact that 96 percent of the people in the world live someplace other than the United States of America, while at the same time, here in the U.S., we manage to account for 20 percent of the world's consumption. If we are going to grow economically, if we are going to create more jobs, those statistics make it abundantly clear that we are going to have to get access to some of those other 96 percent of the people in the world.
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Adam Smith
Democratic · Washington

Editor's note · Context

Addressing the importance of trade and open markets during a speech on global trade policy.

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