Urges Rejection by Full House of Representatives
WASHINGTON DC – The National Foreign Trade Council today praised the House Ways and Means Committee for adversely reporting out of Committee H.J. Res. 27 which would withdraw U.S. approval of continued participation in the World Trade Organization (WTO). The resolution was reported adversely by voice vote.
“Today’s vote demonstrates bipartisan support for continued U.S. leadership in international trade and the WTO. On behalf of the hundreds of companies and workers represented by the NFTC who benefit from the WTO’s rules-based trading system, I would like to commend the members of the House Ways and Means Committee for rejecting this resolution,” said NFTC Vice President Mary Irace.
“The WTO is at a critical juncture with the Doha Round approaching its fourth year of negotiations. Now is the time for strong U.S. leadership in bringing these talks to a successful conclusion, which will lead to increased economic opportunities for U.S. farmers, workers and businesses. Today’s action by the Ways and Means Committee recognizes that our continued participation in the WTO is critical for the long-term growth of the U.S. economy. We urge Congress to overwhelmingly defeat H.J. Res. 27 when it comes before the full House and Senate,” added Irace.
The National Foreign Trade Council (www.nftc.org) is a leading business organization advocating an open, rules-based global trading system. Founded in 1914 by a broad-based group of American companies, the NFTC now serves hundreds of member companies through its offices in Washington and New York.