WITHDRAWING APPROVAL OF THE UNITED STATES FROM AGREEMENT ESTABLISHING THE WORLD TRADE ORGANIZATION -- (House of Representatives - June 09, 2005)
BREAK IN TRANSCRIPT
Mr. BACA. Mr. Speaker, I rise in opposition to H.J. Res. 27, which withdraws approval of the United States from the agreement establishing the World Trade Organization.
The WTO was created to oversee and regulate international commerce through the establishment of universal trade agreements. The institution of these agreements would provide assurance and accountability between member nations, with the prospect of future economic prosperity. The goal of these trade practices is to ease facilitation of global business for producers, exporters, and importers.
My opposition to this resolution and consequent support of the WTO is not without qualification.
While there is great value in continuing multilateral trade regulations and mailltaining the general integrity of the WTO, this organization has consistently foundered in its role of impartial adjudicator and continues to undermine the domestic trade sovereignty of our Nation.
Over the past decade, we have witnessed a massive increase in the U.S. trade deficit, an alarming number of dislocated American workers, and consistent threats to the autonomy of U.S. domestic trade policy.
The international community has seen the numerous shortcomings of the WTO system, including poorly enforced labor laws that afford many countries an unfortunate competitive advantage in the global marketplace. The premise of independent unionization and equitable development has not been realized in the past 10 years under the WTO and continues to underscore the need for a reevaluation and modification of the institution.
Though the World Trade Organization has failed to deliver on the promises of economic gains to developing countries and general worldwide trade policy, the solution is not to withdraw U.S. support or approval. We must continue to work inside the infrastructure of the WTO and towards progressive policies. As a principal partner in the WTO, we must not disassociate ourselves from the organization or we will realize the regression of our global economy. Our obligations to the American worker necessitate a competent and responsible trade policy that can only be achieved through the refinement of the current system.
Mr. Speaker, I oppose this resolution but reserve judgment over the current policies and procedures of the World Trade Organization. It is in the best interests of our nation to continue our active involvement in the WTO, while reconsidering and reworking current international trade policies.
BREAK IN TRANSCRIPT