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, Volume 4 |
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Administration agricultural Alaska North Slope Ambassador HOLMER Ambassador MURPHY American approval auto barrels per day barriers benefits BERMAN bilateral trade BONKER border BROOMFIELD Canada has agreed Canadian electricity Canadian energy Canadian Government Canadian subsidies Chairman FASCELL coal Committee competitive concerns Congress cost countervailing duty countries economic electricity from Canada eliminated energy security energy supplies energy trade England FERC foreign Free Trade Agreement GATT GEJDENSON going Hydro-Quebec implementing legislation imports from Canada increase investment issue LAGOMARSINO MARTIN ment MERKIN million multilateral National Energy Program natural gas negotiations oil imports opportunity Orman percent policies problems question requirements restrictions rule of origin sector side sources statement States-Canada Free Trade Subcommittee tariffs Thank tion TORRICELLI trading partners U.S. and Canada 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 100 - 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 147 - Is warranted. Those who criticize Canadian environmental requirements should keep two important points in mind: a. Environmental requirements In Canada are different from requirements Imposed in the US However, Canada differs substantially from the US In terms 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...
Page 145 - Federal, state and/or local taxes. . Subsidized loans, with rates well below market levels. . Loan guarantees, resulting In below market rates. . Preferential access to low-cost power from hydro-electric projects constructed with Federal tax dollars. . Forgiveness of prepayment penalties for loans (granted by the US Congress in late 1987, at a cost to the US Treasury estimated to be In the billions). . Access to financial markets through the Federal Financing Bank, and resulting In below market Interest...
Page 100 - ... 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 142 - Electric utilities have an obligation to provide an adequate and reliable supplv of electricitv at lowest possible cost. As you know, electric utilities have an obligation to provide an adequate and reliable supply of electricity at the lowest possible cost. This is a special problem in the Northeast where electricity costs tend to run higher than the national average. As pointed out earlier, NEES has converted 6 generating units to coal to diversify energy sources and provide electricity at lower...
Page 143 - ... to highlight the advantages of imported electricity from Canada. The EIA study analyzed the effects of the elimination of electricity imports from Canada. In brief, that analysis showed that elimination of electricity imports would: . Increase US coal consumption by about l million tons (2 million tons by the year 2000).
Page 58 - ... 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 100 - 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 144 - 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...
Page 148 - CONCLUDING COMMENTS. In brief summary: . Imported energy from Canada provides secure, low cost energy sources that make an Important contribution to the economic strength and energy security of the US . Canada provides an Important market for US products and services. Including a market for some 16 million tons of coal. . The US -Canada Free Trade Agreement provides added assurances of free and fair trade, benefiting the citizens of both countries. ATTACHMENT K W ^ w o o PH I o <r 3 Q.