Page 13 - The South China Business Journal
P. 13
July 2017
U.S. Refuses to Endorse
OECD Language on Trade,
Issues Separate Statement
The United States refused to agree to language in a Ministerial. The copy of the separate Statement by the Ministe-
statement on international trade at the OECD ministerial rial Council entitled “2017 Ministerial Council Statement - Mak-
in Paris held in June, instead opting to issue a separate state- ing globalisation work: Better lives for all” is entirely too long,
ment focused on trade enforcement. Without having the support therefore, readers can view it at: http://www.oecd.org/mcm/
of the U.S., the chair of the OECD ministerial opted to release documents/2017-ministerial-council-statement.htm
another statement that endorsed numerous aspects of trade
policy, including resisting protectionism. Yet the OECD Ministe- U.S. Trade Representative Robert Lighthizer represented the
rial Council also issued a separate Statement. Below are copies of U.S. at the June ministerial.
the Statements by the United States and the chair of the OECD
1 U.S. Statement on Trade for the OECD
Ministerial Council Meeting (MCM)
Paris – The United States released the following statement on as dumping, discriminatory non-tariff barriers, forced technology
trade policy in response to the Chair’s Statement and alongside transfers, non-economic capacity, subsidies and other support by
the Consensus Statement of the Organization for Economic Co- governments and government-controlled or -owned institutions
operation and Development (OECD) Ministerial Council Meeting: that distort markets, so as to foster a truly level playing field. We
acknowledge the right to use World Trade Organization (WTO)-
"The United States believes that free and fair trade and interna- consistent trade remedies to tackle such practices and enforce our
tional investment can lead to economic growth and job creation. rights.
At the same time, we acknowledge that trade has not always
worked to the benefit of everyone, given that unfair trade prac- “The United States recognizes the importance of international
tices on the part of some countries disadvantage workers, farmers, trading systems, including WTO-consistent trade agreements. We
ranchers, and businesses in global markets and can result in large, also commit to working with other Members to improve the func-
persistent trade imbalances. tioning of the WTO, to ensure full and transparent implementa-
tion and effective and timely enforcement of the WTO agreements
“We stress the importance of achieving access to markets through as negotiated and to make the utmost efforts to achieve a success-
the elimination of barriers and unfair trading practices. Accord- ful 11th WTO Ministerial Conference.”
ingly, we support the removal of trade-distorting practices such
11
U.S. Refuses to Endorse
OECD Language on Trade,
Issues Separate Statement
The United States refused to agree to language in a Ministerial. The copy of the separate Statement by the Ministe-
statement on international trade at the OECD ministerial rial Council entitled “2017 Ministerial Council Statement - Mak-
in Paris held in June, instead opting to issue a separate state- ing globalisation work: Better lives for all” is entirely too long,
ment focused on trade enforcement. Without having the support therefore, readers can view it at: http://www.oecd.org/mcm/
of the U.S., the chair of the OECD ministerial opted to release documents/2017-ministerial-council-statement.htm
another statement that endorsed numerous aspects of trade
policy, including resisting protectionism. Yet the OECD Ministe- U.S. Trade Representative Robert Lighthizer represented the
rial Council also issued a separate Statement. Below are copies of U.S. at the June ministerial.
the Statements by the United States and the chair of the OECD
1 U.S. Statement on Trade for the OECD
Ministerial Council Meeting (MCM)
Paris – The United States released the following statement on as dumping, discriminatory non-tariff barriers, forced technology
trade policy in response to the Chair’s Statement and alongside transfers, non-economic capacity, subsidies and other support by
the Consensus Statement of the Organization for Economic Co- governments and government-controlled or -owned institutions
operation and Development (OECD) Ministerial Council Meeting: that distort markets, so as to foster a truly level playing field. We
acknowledge the right to use World Trade Organization (WTO)-
"The United States believes that free and fair trade and interna- consistent trade remedies to tackle such practices and enforce our
tional investment can lead to economic growth and job creation. rights.
At the same time, we acknowledge that trade has not always
worked to the benefit of everyone, given that unfair trade prac- “The United States recognizes the importance of international
tices on the part of some countries disadvantage workers, farmers, trading systems, including WTO-consistent trade agreements. We
ranchers, and businesses in global markets and can result in large, also commit to working with other Members to improve the func-
persistent trade imbalances. tioning of the WTO, to ensure full and transparent implementa-
tion and effective and timely enforcement of the WTO agreements
“We stress the importance of achieving access to markets through as negotiated and to make the utmost efforts to achieve a success-
the elimination of barriers and unfair trading practices. Accord- ful 11th WTO Ministerial Conference.”
ingly, we support the removal of trade-distorting practices such
11
