Bush today transmitted to Congress the 2001 Trade Policy Agenda and the 2000
Annual Report of the President of the United States on the Trade Agreements
Program. Prepared pursuant to the Trade Act of 1974, as amended, the document
outlines the Bush Administration's guiding principles and trade priorities for
the year ahead and reviews the principal trade policy developments of 2000.
Zoellick's Overview statement on the 2001 trade agenda highlights the following
States faces key decisions about the future course of our trade policy. Just as
the World War II generation forged a bipartisan consensus that sustained
successful trade expansion throughout the Cold War, we must build a new
consensus to promote open markets for trade in the decades to come.
administration is strongly committed to a trade policy that will remove trade
barriers in foreign markets, while further liberalizing our market at home.
three principal reasons why further trade liberalization is important to the
expanded trade - imports as well as exports - improves the well-being of
Americans. Exports accounted for over one-quarter of U.S. economic growth over
the last decade and support an estimated 12 million American jobs. In the
American agricultural sector, one in three acres are planted for export
purposes, and last year American farmers sold more than $50 billion worth of
agricultural products in foreign markets. Export-related jobs pay 13 to 18
percent more than other jobs.
President Bush has stated, free trade is about freedom. Economic freedom creates
habits of liberty and habits of liberty create expectations of democracy.
expanded trade affects our nation's security. The crises of the first 45 years
of the last century were inextricably linked with hostile protectionism and
national socialism. Today, Colombia is waging a battle to defend the rule of law
against groups that finance their terror through drug trafficking. One of the
tools Colombia needs is a renewed and robust Andean Trade Preferences Act.
benefits of open trade can only be achieved if we build public support for trade
at home. To do so, we must enforce, vigorously and with dispatch, our trade laws
against unfair practices.
economic benefits derived from open markets extend to all countries, but there
are other non-economic benefits as well. The history of the past century shows
that as less-developed countries have grown wealthier, they have also become
more sensitive to workers' rights and environmental protection. When countries
open markets, they also open their societies to ideas about private and civic
causes - including labor movements and environmental protection.
Just as we
explain how and why trade benefits emerging markets, we need to show the
American people how and why it benefits the domestic market. And we need to help
people to adapt and to benefit from change - whether prompted by trade,
technology, e-commerce, or new business models.
the Administration's trade agenda is reestablishing the bipartisan
Executive-Congressional negotiating partnership that has accomplished so much.
One of the top priorities is to reestablish trade promotion authority for the
President, based on the fast track precedent, with the broadest possible
support. In the absence of this authority, other countries have been moving
forward with trade agreements while America has stalled. The United States
cannot afford to stand still or be mired in partisan division while other
nations seize the mantle of trade leadership.
20th, President Bush will attend the Summit of the Americas meeting in Quebec
City. He has emphasized that to set a new course for this hemisphere, he needs
to hold out the prospect in Quebec City that new trade promotion authority is on
its way. One of the goals of this administration will be to forge free trade
with all the nations of our hemisphere through the Free Trade Area of the
Americas (FTAA) and other agreements, such as the current negotiation of a
comprehensive free trade agreement with Chile.
States currently has an unparalleled opportunity to shape the international
trading order. But we are in danger of being left behind. There was a time when
U.S. involvement in international trade negotiations was a prerequisite for them
to succeed. That is no longer true. Indeed, other countries are writing the
rules of the international trading system as they negotiate without us. In the
long run, that hurts American businesses and farmers, as they will find
themselves shut out of the many preferential trade and investment agreements
negotiated by our trading partners.
countries go ahead with free trade agreements and the United States does not, we
must blame ourselves. We have to get back into this game and take the lead. We
are certainly in a position to do so.