Mr. Speaker, I yield myself such time as I may consume. Mr. Speaker, H.R. 5602 would grant permanent normal trade relations with Vietnam and permit U.S. businesses to take full advantage of the…
Mr. Speaker, I yield myself such time as I may consume.
Mr. Speaker, H.R. 5602 would grant permanent normal trade relations with Vietnam and permit U.S. businesses to take full advantage of the commitments that Vietnam has made as part of its accession into the World Trade Organization.
On November 7, 2006, World Trade Organization members voted to approve Vietnam's entry into the organization and Vietnam is expected to officially become a member by the end of the year. To get to this point, Vietnam has clearly made significant economic reforms and will benefit not only the international community, but also the people of Vietnam.
As part of Vietnam's accession into the World Trade Organization, more
than 94 percent of all U.S. exports of manufactured goods will face duties no higher than 15 percent. Tariffs will also be reduced 15 percent or less on three-quarters of United States agricultural products.
Additionally, U.S. service providers will have increased access to Vietnam's market. My own State of Florida already exports over $20 million of goods to Vietnam. With Vietnam's entry into the World Trade Organization, I expect this number to grow even higher, thus benefiting those that manufacture, create, grow and harvest these products, as well as those that package, store and transport them.
To say the United States and Vietnam have had a rocky relationship would be a dramatic understatement. Yet, much like with Japan, this opportunity to promote cooperation and conciliation demonstrates the great progress that is important when countries engage economically.
By enacting this legislation, the United States and Vietnam have a unique opportunity to show the world that no matter what the history between these countries may be, they can still have substantial economic and foreign policy benefits when the countries turn away from violent conflict and focus their efforts on economic interaction with an international rule-based system.
This legislation can provide an important symbolic example to countries throughout the world facing an important choice between violence and isolation or economic prosperity.
Mr. Speaker, I urge all Members to support H.R. 5602 and support the efforts of American businesses striving to compete in this new and expanding market.
Mr. Speaker, I reserve the balance of my time.
Mr. Speaker, I yield myself such time as I may consume.
I would like to clarify the record on the statement by the gentleman from Washington. He may have just gotten the amendments, but the bill has been out there since last spring and amendments were delivered to the staff of the minority office last Thursday asking for comments. We are trying to do this in as bipartisan a way as we can because we have support from the other side.
So I don't want anyone watching this process going forward to think that the majority here has in any way not shared the information that it has with the minority.
Mr. Speaker, I yield such time as he may consume to the gentleman from Arizona (Mr. Kolbe).
Mr. Speaker, I continue to reserve the balance of my time.
Mr. Speaker, I yield myself the balance of our time.
Mr. Speaker, I would like to acknowledge that after all of these years, I finally found something that I agree with with the gentleman from Washington, and that is the statement with regard to the Andean countries, Africa, and with Haiti.
I would hope if we cannot conclude a satisfactory agreement, free trade agreement with the countries that we are working with now, most notably Peru and Colombia, that we should have some short-term extension of the Andean preference for those countries.
At this time we do not have one, an agreement with Ecuador. However, Ecuador is in a situation now of going into an election where they have one pro-American candidate, and one that is pro-Chavez. I think we should watch that very closely, and I think that we have an obligation to do everything we can for our friends and their economic growth. I will leave it right there.
But I think that we need to, and I would hope that in the next Congress, which I regret that I will not be part of, to see these things through that we should continue our work to become, and continue to be free trade.
I would like to also comment on the comments made by my friend from Ohio with regard to the low wages and low standard of living in Vietnam. I traveled there in the late 1980s with then-chairman Gibbons. It is the same CODEL that Mr. Thomas made reference to in his opening remarks.
There we saw a very impoverished nation. We stayed at a government house in which the conditions were deplorable. In fact, one of the spouses along on the trip took all of her husband's undershirts and laid them on the bed before she would even get into the bed. We had rolling blackouts. The country was an economic disaster.
But we saw something very important. And I think this was really driven home, particularly, Jake Pickrel, whom many of us know, his wife fell and broke her hip. The doctors who was traveling with us took her down to the hospital in Vietnam, and he came back and said this is 1950s technology, the x-ray equipment there. And of course we immediately flew her out of Vietnam, where she could get and did get proper treatment.
I think we can look at Vietnam now, and I have not been back since then. But I understand the economic strides that they have made are really tremendous. And that is almost 100 percent due to their changing their economy so that it can thrive and it can grow and is not held back by the 100 percent socialistic tendencies that it seemed to have at the time.
Also I think that there is no question but that our trade will grow with Vietnam, because this is an agreement that works both ways. Their tariffs come down, our exports will increase, there is no question about that. As usual, and we find in most countries, that the tariffs of the country that we are taking down tariffs with has a higher tariff than we do.
So we should benefit, Vietnam should benefit and the economy of both countries will be better off for it. And when an economy as small as Vietnam mixes with an economy as large as the United States, it is very easy to realize that any type of stimulus that you give those economies will be a very, very big impact on their economy.
I have a letter here from the U.S.-Vietnam World Trade Coalition, and it is signed by Madeleine Albright, Jim Baker, Charlene Barshefsky, Samuel Berger, Harold Brown, Warren Christopher, William Cohen, Lawrence Eagleburger, Carla Hills, Michael Kantor, Henry Kissinger, Anthony Lake, Robert McNamara, Colin Powell, Robert Rubin, George Shultz, Robert Strauss, and Clayton Yeutter, very much in favor of this agreement.
Washington, DC, September 8, 2006.
Dear Colleague: As the bipartisan cosponsors of H.R. 5602,
to provide Vietnam with Permanent Normal Trade Relations
(PNTR) status, we forward you the following letter signed by
numerous former Cabinet Secretaries, U.S. Trade
Representatives and others involved in trade and foreign
policy in previous administrations.
We hope you find this letter useful as you consider your
vote on this important issue.
Sincerely,
Jim Ramstad,
Member of Congress.
Mike Thompson,
Member of Congress.
Mr. Speaker, I ask unanimous consent that all Members have 5 legislative days in which to revise and extend their remarks and include extraneous material on the subject of the bill under consideration.
Mr. Speaker, in closing, I would like to thank Mr. Ramstad, who is trying to get back here in order to take time on the floor, and really I think if he were here, and I will not hesitate because he is not, to praise him for the good work that he has done and his foresight in bringing this particular bill forward.
Mr. Speaker, I yield back the balance of my time.