Oversight of the United States-Canada Free Trade Agreement: Hearings Before the Committee on Foreign Affairs and Its Subcommittees on International Economic Policy and Trade, and on Western Hemisphere Affairs, House of Representatives, One Hundredth Congress, Second Session, February 25 and March 16, 1988 |
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Page 5
... believe that free and fair trade , as represented by this new agreement between the United States and Canada , must be the ob- jective in all of our international trade negotiations . We must avoid protectionism in our trade policy ...
... believe that free and fair trade , as represented by this new agreement between the United States and Canada , must be the ob- jective in all of our international trade negotiations . We must avoid protectionism in our trade policy ...
Page 7
... believe are espe- cially important . KEY ELEMENTS OF THE TRADE AGREEMENT The most obvious is the elimination of tariffs and other barriers to trade . In the short run , this will lead to lower prices and more trade and thus more jobs ...
... believe are espe- cially important . KEY ELEMENTS OF THE TRADE AGREEMENT The most obvious is the elimination of tariffs and other barriers to trade . In the short run , this will lead to lower prices and more trade and thus more jobs ...
Page 10
... believe that we should take advantage of the opportunity this moment offers for three reasons . First , the FTA strengthens an important strategic relationship . Second , it provides an opportunity for both Canada and the U.S. to reap ...
... believe that we should take advantage of the opportunity this moment offers for three reasons . First , the FTA strengthens an important strategic relationship . Second , it provides an opportunity for both Canada and the U.S. to reap ...
Page 12
... believe are especially important . The most obvious is the elimination of tariffs and other barriers to trade . In the short run this will lead to lower prices and increased trade , thus more jobs and a higher standard of living on both ...
... believe are especially important . The most obvious is the elimination of tariffs and other barriers to trade . In the short run this will lead to lower prices and increased trade , thus more jobs and a higher standard of living on both ...
Page 19
... believe , unreasonable to have expected that a single agreement could take us from our present situation directly to some theoretical ideal . This agreement , however , goes a long way forward . By phasing out all tariffs over 10 years ...
... believe , unreasonable to have expected that a single agreement could take us from our present situation directly to some theoretical ideal . This agreement , however , goes a long way forward . By phasing out all tariffs over 10 years ...
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Common terms and phrases
Administration agreed agricultural Ambassador HOLMER Ambassador MURPHY American auto Auto Pact barrels per day barriers benefits BERMAN bilateral trade BONKER border BROOMFIELD California Canadian electricity Canadian energy Canadian Government Canadian subsidies Chairman FASCELL Committee competitive concerns Congress cost countervailing duty countries cultural Department of Energy electricity from Canada electricity imports eliminated energy security energy supplies energy trade FEIGHAN FERC Free Trade Agreement GATT GEJDENSON GERALD B.H. SOLOMON going Hydro-Quebec increase International Economic Policy investment issue LAGOMARSINO MARTIN ment MERKIN million multilateral natural gas negotiations oil imports opportunity Orman percent Prime Minister Mulroney question requirements restrictions rule of origin SAM GEJDENSON sector sides sources States-Canada Free Trade tariffs Thank tion TORRICELLI trading partners U.S. and Canada U.S. companies U.S. consumers U.S. industries U.S. Trade Representative U.S.-Canada Free Trade United States-Canada Free uranium Uruguay Round utilities VENEMAN WOLPE YEUTTER
Popular passages
Page 90 - I am for it, because I hope to see the day when the American flag will float over every square foot of the British North American possessions clear to the north pole!
Page 138 - NEB has insisted that electricity be off erred to neighboring Canadian provinces before an export license is approved. c. Exporters were required to demonstrate that the price they were charging would not be less than the least cost alternative in the purchasing utility's franchise area. This third test is eliminated by the terms of the US-Canada Free Trade Agreement, thus helping to assure that the imported electricity will be priced at market rates. 3. Third, subsidies provided to Canadian electric...
Page 133 - ... basis, the next lowest and oil the highest. Under the pricing arrangement for electricity from Hydro Quebec, that electricity is almost always cheaper than oil, and has displaced the highest cost fossil-fueled source which, except for the short period during 1986. has been oil — NOT coal. Attachment *3 to this statement Illustrates NEPOOL's Load Duration Curve & Fuel Mix of Generation. This graph shows the mix of generation sources according to variable cost — with domestic hydro being lowest,...
Page 90 - ... December 1987 (enacted in January 1989) also became a great source of concern among countries in the Asia Pacific region. US Trade Representative, Yeutter ( 1988:98), stated during the negotiations for the agreement: Our preference is the multilateral route ... but if the multilateral route should prove fruitless for any one of a variety of reasons, this certainly indicates that we can achieve success bilaterally and that we are prepared to pursue these basic objectives on a bilateral basis should...
Page 135 - Allow for free trade in uranium, including elimination of the Canadian requirement that uranium exports be upgraded in Canada, and the US will continue its policy of not imposing restrictions on domestic enrichment of Canadian uranium. F. PROTECTIONIST MEASURES APPLIED TO ENERGY IMPORTS HOULD HARM US ECONOMIC INTERESTS. During the past 3 years, your Committee has held a number of important hearings on potential protectionist measures that might be applied to certain sources of imported energy. I...
Page 52 - ... plus handling, storage and other costs. This will prevent the use of practices such as dual pricing. The Agreement will not limit other forms of production subsidies. in either country. Canada has agreed to exclude from the transport rates established under the Western Grain Transportation Act (WGTA) agricultural goods originating in Canada and shipped via West Coast ports for consumption in the US These subsidies were instituted by Canada in 1984 as an expansion of the Crow's Nest Act. It is...
Page 90 - There is a bit of leverage here, in that it indicates to the rest of the world that we, the United States, can make progress in opening up borders and confronting trade barriers either bilaterally or multilaterally. Our preference is the multilateral route...
Page 142 - ... of industrial structure, geography, division of powers among levels of government and many other ways. It is unfair to pick out one part of US environmental regulation in isolation and seek an identical requirement in the Canadian system to determine relative stringency of the requirements. b. Looking for a Canadian counterpart for the US New Source Performance Standards (NSPS) — which, in effect, require Installation of scrubbers — is unrealistic. It must be kept In mind that adoption of...
Page 135 - ... of the US -Canada Free Trade Agreement in assuring that Canada will continue to be a secure source of low cost energy for the US and a good market for US products. Instead, I will merely mention several of the provisions pointed out by Department of Energy Officials that have special importance in New England. These particularly important features of the Agreement are: . Eliminate discriminatory pricing in energy trade, assuring that consumers in both countries are treated equitably; . Prohibit...
Page 138 - Canadian electricity sales to US utilities are market-priced. Prices for Canadian electricity are negotiated on an "arms length" basis between the Canadian utility and the US utility purchaser. Those negotiations typically take into account the alternative sources of electricity available to the...