U.S.-Canada Free Trade Agreement: Hearings Before the Subcommittee on Commerce, Consumer Protection, and Competitiveness of the Committee on Energy and Commerce, House of Representatives, One Hundredth Congress, Second Session, February 23, March 22, and April 26, 1988 |
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60 percent administration AFL-CIO agree Association Auto Pact automotive trade banks believe benefits BIEBER bilateral trade billion border Canadian government capacity Chairman chapter Commerce committee competitive concerns CONGRESS THE LIBRARY Corporation countervailing duty countries DANNEMEYER DINGELL direct investment dispute settlement domestic duty free duty remission programs duty-free economic effect eliminated energy established existing export film financial services FLORIO foreign investment Free Trade Agreement GATT going HOLMER implementing legislation important insurance companies intellectual property investors issues laws liberalization LIBRARY OF CONGRESS major manufacturers ment MERKIN multilateral national treatment negotiations NIELSON North American operating opportunity panel performance requirements problems protection question regulations restrictions rule of origin screening service industries service sectors services trade statement subcommittee subsidies suppliers tariffs Thank tion U.S. and Canada U.S. trade U.S. Trade Representative U.S.-Canada Free Trade United uranium Uruguay Round
Popular passages
Page 110 - Representative should promptly conduct negotiations, through the Uruguay Round of negotiations under the General Agreement on Tariffs and Trade...
Page 8 - Object iv«» and Scope The Agreement establishes a free trade area (FTA) consistent with the General Agreement on Tariffs and Trade (GATT) , the multilateral agreement governing trade relations between 94 countries. The objectives of the Agreement are to: o eliminate barriers to trade in goods and services between the two countries; o facilitate conditions of fair competition; o significantly...
Page 16 - US and Canada have agreed to work together to achieve, on a global basis, the elimination of all subsidies which distort agricultural trade through multilateral negotiations such as the Uruguay Round.
Page 108 - Free Trade Agreement. The Federation believes that this agreement, signed by President Reagan and Prime Minister Mulroney on January 2, 1988, will do little to solve the serious trade problems that exist between the US and Canada, and may in fact make them worse. The AFL-CIO joins the Canadian labor movement in opposing this agreement because we share the view that governments must play a positive role in managing relations between countries and that increased reliance on socalled "market forces"...
Page 17 - Wine and Distilled Spirits Export opportunities for US producers of alcoholic beverages have been limited by measures in Canada that discriminate against the internal sale and distribution of imported products in Canada. The Agreement does not prohibit the regulation of alcoholic beverages in either country, but does eliminate the most significant existing discriminatory practices in Canada and prohibit discrimination against the products of the other country for all new regulations.
Page 108 - It's silence on the issue of exchange rates is particularly significant, and raises real questions concerning the validity of the entire exercise. How can American industry and agriculture hope to compete on a fair and equitable basis when current exchange rates have the effect of conferring a 28% cost advantage on Canadian producers?
Page 300 - The liberalization of United States and Canadian automotive trade in respect of tariff barriers and other factors tending to impede it, with a view to enabling the industries of both countries to participate on a fair and equitable basis in the expanding total market of the two countries; (c) The development of conditions in which market forces may operate effectively to attain the most economic pattern of investment, production and trade.
Page 111 - A) outlined objections to a number of specific provisions of the agreement including the following: * The separate procedures established for Canada regarding trade remedy law are not only unwise in and of themselves, but establish an extremely bad precedent for negotiations with other countries. These provisions have the potential of limiting the ability of the US to take action under the counterveiling duty and antidumping statutes, as well as Sec.
Page 19 - ... products such as petrochemicals. While these past actions have often been in response to short-term concerns, they have generally worked to the longer-term disadvantage of both countries. At times, artificially low prices have stimulated excess demand while suppressing supply and thus causing shortages. At other times, artificially high prices have stifled economic activity throughout the economy, especially in energy-intensive industries. Overall, the uncertainty about future government energy...