World Video | Defence | Foreign Affairs | Natural Events | Trade | NZ in World News | NZ National News Video | NZ Regional News | Search

 


Wyden Calls For Unprecedented Transparency on Trade Deals


For Immediate Release
May 01, 2014

Wyden Calls For Unprecedented Transparency on Trade Deals

Finance Chairman Says U.S. Trade Policy Must Reflect Modern Economic Challenges

WASHINGTON –Senate Finance Committee Chairman Ron Wyden, D-Ore., today outlined his goals for modern trade policy at a hearing with U.S. Trade Representative Michael Froman. Wyden said the rapidly evolving global economy requires a trade approach designed to address contemporary challenges. A key litmus test, Wyden said, will be whether USTR enhances transparency in trade negotiations so the public’s voice has a role.

“Too often, there is trade secrecy instead of trade transparency. Bringing the American people into full and open debates on trade agreements that have the effect of law is not too much to ask,” Wyden said. “We need to establish new rules that address today’s economic challenges and pass the test of producing good-paying American jobs.”

During the hearing, Wyden said advances in technology and other economic changes have created a new global economic landscape that requires a smart approach to trade policy. He cited a number of issues that impact the modern American economy, including foreign state-owned enterprises, intellectual property protection and currency manipulation.

Wyden said the development of trade policy must be backed by a strong commitment to transparency. In today’s information-driven world, the public expects to be actively engaged in the process, and has a right to know what policy questions are on the table.

Wyden also highlighted America’s advantages in the global economy: the American workforce is among the most productive anywhere by attracting top talent from around the world, and the explosive growth of the internet means American producers export $350 billion in digital goods and services every year.

Wyden said the U.S. economy can benefit from dismantling protectionist trade barriers abroad, but to do so requires reciprocal agreements on enforceable, ambitious trade deals that address discriminatory and anticompetitive practices. Wyden said new trade policy must reflect the need for a free and open internet, strong labor rights, environmental protections, and must be backed by stronger enforcement.

Watch Wyden’s remarks here. The full text of the statement is available here.

© Scoop Media

 
 
 
 
 
World Headlines

 

UNHCR: More Than 300 Die In Boat Tragedies On Mediterranean

The past few days have been the deadliest this year for people making irregular crossings on the Mediterranean from North Africa to Europe More>>

UN: Egyptian Crossing Used To Bring Food Aid To Gaza
United Nations World Food Programme (WFP) successfully crossed from Egypt into the Gaza Strip today, carrying enough food to feed around 150,000 people for five days More>>

ALSO:

Extended Cease Fire: Gaza Celebrates!!!!

Images and video from Gaza.Scoop - Julie Webb Pullman in Gaza. Gazans took to the streets tonight to celebrate their victory in achieving the end of hostilities and the lifting of the illegal seven-year siege. Whatever tomorrow may bring, tonight was a time to rejoice! More>>

ALSO:


Iraq: Killing Of Dozens Of Sunni Worshippers In Eastern Iraq

22 August 2014 – Condemning in the strongest terms the reported attack on a mosque in eastern Iraq, Secretary-General Ban Ki-moon today called on all Iraqi authorities to ensure that the attack is properly investigated and its perpetrators held to account. More>>

ALSO:

  • UN Watch - UN Urgent Session on Iraq, Demands "Concrete Outcomes"
  • UNICEF: Honours Life, Tireless Work Of Richard Attenborough

    Film producer and director Sir Richard Attenborough was introduced as the new Goodwill Ambassador for the UN Children's Fund (UNICEF) on 28 October 1987. UN Photo/Milton Grant More>>

    UN: Flight Restrictions Hamper Ability To Battle Ebola

    UNICEF and partners visit a crowded market in Conakry, Guinea, to explain to vendors how they can protect themselves and their families from Ebola. Photo: UNICEF Guinea More>>

    Get More From Scoop

     
     
     
     
     
    World
    Search Scoop  
     
     
    Powered by Vodafone
    NZ independent news