House Ways and Means Committee to hold hearing on distorted U.S.-China relationship

Posted by Anonymous on 10/19/2011

House Ways and Means Committee Chairman Dave Camp (R-MI) has announced that the Committee will hold a hearing on the U.S.-China economic relationship on Tuesday, October 25th.

In a statement from the House Ways and Means Committee, Chairman Camp voiced his concern over the United States’ unbalanced trade relationship with China:

“The Chinese market presents enormous potential for growing U.S. exports, which support American jobs. But China purposefully makes it harder to sell our goods and services, unfairly subsidizes its own companies, and blatantly steals the intellectual property of American businesses. China’s distorting trade policies are deeply troubling and cannot be allowed to stand. Its practices are costing U.S. jobs. China has benefited greatly from globalization, and it must abide by the same rules that afforded it that prosperity."

And, like the Alliance for American Manufacturing (AAM), Chairman Camp believes that this is an issue that requires the immediate attention of the Obama Administration:

"The President and his Administration should continue to press China to open its markets through every available avenue. And when China has violated its international obligations, the United States must aggressively enforce its rights. I look forward to hearing the Administration’s plan for addressing China’s persistent barriers to U.S. exports and investment and exploring what should be done to ensure American employers and workers are treated fairly.”

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