A Quote by Mike Quigley
If the U.S. fails to set the rules for global trade, then other countries with records of environmental and labor abuses, like China, will step in to fill the void.
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If China is helping its domestic industries charge an artificially low price for solar panels and other environmental goods, then China is violating international trade rules that it agreed to when it became a member of the World Trade Organization.
We have to make sure America writes the rules of the global economy, and we should do it today while our economy is in the position of global strength, because if we don't write the rules for trade around the world, guess what: China will.
To set us on the right course we need to create more opportunities for trade, particularly in developing countries, and we need to adjust global trade rules to better meet the needs of entrepreneurs in the 21st century.
That means we get other countries to play by our rules. You add up all the countries that we have trade agreements with, we have a surplus with them. You add up the countries we do not have a trade agreement with, that`s where a massive trade deficit comes from. So our goal is to get free trade agreements, and that means we get other countries to play and live by our rules so we can level the playing field.
Yes to trade, but trade that ensures that these other countries that trade with us aren't engaging in child labor.
We will trade freely with free nations and not spend our time chasing trade deals with predatory countries like communist China.
Three year sof unconditional MFN have not lead to any subtantial improvement in human rights, trade and nuclear proliferation practice of the Chinese government. In addition to the trade barriers, China has marred our trade relationship wit prison labor or export and other unfair trade practices.
China's accumulation of reserves is a result of the IMF's mismanagement of the Asian financial crisis a decade or so ago. If countries know they can't rely on the IMF to help them, their best defense is their own reserve cushion. In a time of spreading global recession, too much emphasis on savings in surplus countries like China can impede prospects for global growth.
China's productive system draws upon the other East Asian countries to a great extent. The volume of trade is much larger than the net amount being exported from China. China needs substantial reserves to finance all that.
Too many countries that do not play by the free trade rules of the World Trade Organization - including, notably mercantilist China and monopolist Saudi Arabia - have been allowed in, to the detriment of both the WTO and the liberal trading environment it is supposed to sponsor.
Historically, international law lent a measure of legality to the colonial system, and allowed the West to set the rules for participation as a sovereign state on a global level. It also protected the interests of foreign investment in countries of the global South even when these were exploitative, and deprived countries of the benefits of resources situated within their territories.
Global cooperation - dealing with other countries, getting along with other countries - is good. It's very important. But there is no such thing as a global anthem, a global currency, or a global flag.
In my movie, "Death By China," it shows Bill Clinton in 2000 promising that when China got into the World Trade Organization we would be making products here and selling them there, and life would be great. Just the opposite has happened. And here's why this has been so devastating - China went into the World Trade Organization and agreed to play by certain rules. Instead, it's violated these rules. For 15 years, it continues to illegally subsidize its exports.
I'm convinced after spending three weeks in China and Tibet, unless the United States gets its act together, our grandchildren will be living in a world dominated by the People's Republic. China is simply inexorable in its pursuit of wealth, growth and power. It cares little about human rights, democracy, labor protections, fair trade rules or the environment. It is relentless in advancing its national interests.
What Clinton wants is to enforce trade policy, she wants to triple the number of trade enforcement officers, which will really matter in trying to level the playing field with South Korea and China and other countries that don't play it straight.
Nowadays, however strong an economy is, not all roads will lead only there. There will be other links between countries in Asia, with America, with Europe, and China will fit into this global network.
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