|
|
|
|
Legislation granting permanent normal trade relations (PNTR) with China that
could result in a doubling of U.S. agricultural exports to that nation passed
the House May 24 by a vote of 237-197.
The president of the states largest farm organization said as a result
of the legislation, trade with China is expected to increase by as much as
$2 billion annually by 2005.
Todays vote clears the way for U.S. agricultural producers to
seize export opportunities in the worlds most important growth market,
said Texas Farm Bureau President Donald Patman. Our members worked hard
for this win. Our hats are off to the administration and key members of Congress
for the leadership they demonstrated in this crucial vote.
According to Patman, the China PNTR vote is clearly the U.S. governments
most important recent action to expand trade opportunities for Americas
farmers and ranchers. He said the vote was critical because China is joining
the World Trade Organization and, without PNTR enactment, the U.S. would have
been left standing on the sidelines while its competitors capitalized on that
countrys huge market potential.
Passage of PNTR is the break Americas farmers and ranchers have
needed in order to tap into the vast market that China offers, Patman,
a grain, cotton and cattle producer said, noting that the U.S. Senate is expected
to approve the Clinton administration-backed measure soon. Hopefully,
domestic commodity prices will improve as global export demand picks up.
Patman praised the strong bipartisan effort and the decision to engage the
Chinese through trade rather than isolate them.
I believe exposure to U.S. products and ideals is the best catalyst
for social and political reform in China, Patman said.
|