Bill Nelson on Free Trade Democratic Sr Senator (FL)

Pressure China on trade, coupled with North Korea resolution

NELSON: This is the one area that we have trade that we can use as a hook to put pressure on North Korea. And then we can address the balance of trade. One of the things is the way they value their currency. We have been putting pressure on China to re-evaluate so the goods will more normally flow according to their value. But because of our trade deficit, we can use this as leverage to get them to help with the nukes in North Korea, and that would be a good day’s work.

HARRIS: The trade deficits have little to do with our interaction in North Korea. We’ve already had great success there in working with China, South Korea and Japan. They violate intellectual property rights every day. Every product that we market in China can be replicated in China, and it decimates us. We need to ensure that China honors those critical trade pacts. They need to play by the rules.

Build a rule-based global trading system.

Write New Rules for the Global Economy
The rise of global markets has undermined the ability of national governments to control their own economies. The answer is neither global laissez faire nor protectionism but a Third Way: New international rules and institutions to ensure that globalization goes hand in hand with higher living standards, basic worker rights, and environmental protection. U.S. leadership is crucial in building a rules-based global trading system as well as international structures that enhance worker rights and the environment without killing trade. For example, instead of restricting trade, we should negotiate specific multilateral accords to deal with specific environmental threats.

Goals for 2010
• Conclude a new round of trade liberalization under the auspices of the World Trade Organization.
• Open the WTO, the World Bank, and International Monetary Fund to wider participation and scrutiny.
• Strengthen the International Labor Organization’s power to enforce core labor rights, including the right of free association.
• Launch a new series of multinational treaties to protect the world environment.

Rated 33% by CATO, indicating a mixed record on trade issues.

The mission of the Cato Institute Center for Trade Policy Studies is to increase public understanding of the benefits of free trade and the costs of protectionism.

The Cato Trade Center focuses not only on U.S. protectionism, but also on trade barriers around the world. Cato scholars examine how the negotiation of multilateral, regional, and bilateral trade agreements can reduce trade barriers and provide institutional support for open markets. Not all trade agreements, however, lead to genuine liberalization. In this regard, Trade Center studies scrutinize whether purportedly market-opening accords actually seek to dictate marketplace results, or increase bureaucratic interference in the economy as a condition of market access.

Studies by Cato Trade Center scholars show that the United States is most effective in encouraging open markets abroad when it leads by example. The relative openness and consequent strength of the U.S. economy already lend powerful support to the worldwide trend toward embracing open markets. Consistent adherence by the United States to free trade principles would give this trend even greater momentum. Thus, Cato scholars have found that unilateral liberalization supports rather than undermines productive trade negotiations.

Scholars at the Cato Trade Center aim at nothing less than changing the terms of the trade policy debate: away from the current mercantilist preoccupation with trade balances, and toward a recognition that open markets are their own reward.

The following ratings are based on the votes the organization considered most important; the numbers reflect the percentage of time the representative voted the organization`s preferred position.

Insist on access to post-mad-cow Japanese beef markets.

RESOLUTION Supporting increased market access for exports of United States beef and beef products to Japan.
• Whereas, in 2003, Japan was the largest market for US beef, with exports valued at $1,400,000,000;
• Whereas, after the discovery of 1 Canadian-born cow infected with bovine spongiform encephalopathy ([known as `mad cow disease`] or BSE) disease in Dec. 2003, Japan closed its market to US beef, and still restricts access to a large number of safe US beef products;
• Whereas for years the US has developed and implemented a multilayered system of interlocking safeguards to ensure the safety of US beef, and after the 2003 discovery, the US implemented further safeguards to ensure beef safety;
• Whereas a 2006 study by the USDA found that BSE was virtually nonexistent in the US;
• Whereas, from 2004 through 2009, US beef exports to Japan averaged roughly $196,000,000, less than 15% of the amount the US sold to Japan in 2003, causing significant losses for US cattle producers; and
• Whereas, while Japan remains an important trading partner of the US, this unscientific trade restriction is not consistent with fair trade practices, nor with US treatment of Japanese imports:

Now, therefore, be it Resolved, That it is the sense of the Senate that--
1. it is not in the interest of either the US or Japan to arbitrarily restrict market access for their close partners;
2. trade between the US and Japan should be conducted with mutual respect and based on sound science;
3. since banning US beef in Dec. 2003, Japan has not treated US beef producers fairly;
4. both Japan and the US should comply with guidelines based on sound science;
5. Japan should immediately expand market access for US exporters of both bone-in and boneless beef beyond the existing standard of beef from cattle 20 months and younger; and
6. the President should insist on increased access for US exporters of beef and beef products to the market in Japan.

Voted FOR reauthorizing Ex-Im Bank.

Heritage Action summary of vote# S206: The Senate voted to table (kill) an amendment by Sen. Kirk to reauthorize the Export-Import Bank. Sen. Kirk recommends voting NO. Heritage Foundation recommends voting YES because the `Ex-Im Bank is little more than a $140 billion slush fund for corporate welfare.`

OnTheIssues explanation: Voting NO would allow a vote on reauthorization of the Ex-Im Bank. Voting YES would kill the bill for reauthorizing the Ex-Im Bank.

Congressional Summary from previous Ex-Im bill S.824; the Ex-Im Bank shall:
• Provide technical assistance to small businesses on how to apply for financial assistance;
• Establish programs under which private financial institutions may share risk in loans & guarantees.
• The Bank may enter into up to $25 billion worth of contracts of reinsurance or co-finance.

Cato Institute reason for voting YES to kill the bill:The Ex-Im Bank`s reauthorization buffs contend that Ex-Im fills a void left by private sector lenders unwilling to provide financing for certain transactions. Ex-Im`s critics [say that] by effectively superseding risk-based decision-making with the choices of a handful of bureaucrats pursuing political objectives, Ex-Im risks taxpayer dollars. It turns out that for nearly every Ex-Im financing authorization that might advance the fortunes of a single US company, there is at least one US industry whose firms are put at a competitive disadvantage. These are the unseen consequences of Ex-Im`s mission.

Rated 63% by the USAE, indicating a mixed record on trade.

Ratings by USA*Engage indicate support for trade engagement or trade sanctions. The organization`s self-description: `USA*Engage is concerned about the proliferation of unilateral foreign policy sanctions at the federal, state and local level. Despite the fact that broad trade-based unilateral sanctions rarely achieve our foreign policy goals, they continue to have political appeal. Unilateral sanctions give the impression that the United States is `doing something,` while American workers, farmers and businesses absorb the costs.`

USA*Engage at Work
• Developing the Case: USA*Engage explains the benefits of economic engagement, and the high cost of sanctions for American exports, investment and jobs.
• Education: We recruit respected foreign policy and economic experts to speak out against sanctions, actively engage the media and provide outreach to key target states and Congressional districts.
• Contacting Government Officials: USA*Engage directly contacts Congressional, Administration, state and local officials.

VoteMatch scoring for the USA*Engage ratings is as follows :

• 0%-49%: supports trade sanctions;
• 50%-74%: mixed record on trade engagement;
• 75%-100%: supports trade engagement.