Washington – US Senators Bill Cassidy, R-LA, and R-NE, leading all Senate Finance Republicans, have called on Biden’s administration to begin digital trade negotiations with our Asian partners and partners.
”[D]Under your administration, the United States continues to sit side by side. Senators wrote. “Our refusal to enter the game to issue trade rules in the Indo-Pacific will encourage partners to move forward without us and ensure that China dominates the world economy …”
”[T]He must show effective leadership in the United States business; He must do it immediately; And they have to work together with the administration and Congress. ” The senators continued..
Cassidy and Sassie are joined by Senators John Baraso (R-WI), Richard Berr (R-NC), John Cornin (R-TX), Mike Krapo (R-ID), Steve Dance (R-MT), and Chuck Grassley (). R-IA; R) – in).
In the absence of US leadership, partners such as Singapore and New Zealand are joining digital trade agreements with the Communist Party of China. This will give China an opportunity to jump ahead of the US in terms of continental economic benefits and further establish its authoritarian Internet management model. The expanded digital business will have strategic and economic benefits in the United States and will withstand the effects of the CCP.
Read the full letter over here Or below.
Dear President Biden,
We ask you to consider the strategic and economic benefits of the expanded digital trade agreement to the United States.
While we welcome the initial comments made by Thai Trade Representative Thai on the agency’s top-down review of the agency’s trade policy in China, the administration is still trying to figure out what tools it can use to effectively challenge the Chinese government’s government.
Last November, he told the American people,[w]We have to get along with other democracies… So instead of China and other outcome guidelines, we make traffic rules because they are the only game in town.
We agree. But, so far, under your administration, the United States has remained sidelined. Our unwillingness to enter the game to set trade rules in the Indo-Pacific will encourage partners to move forward without us and ensure that China dominates the world economy.
China is rapidly pushing for trade policy in the East — to the detriment of US interests. Fifteen countries, which account for 30 percent of the world’s gross domestic product, have signed trade agreements with China. Regardless of the state-owned enterprises. Meanwhile, as the United States continues to criticize the CPP-TPPP, China now wants to join the negotiating agreement.
The United States is on both sides, and China could one day be a member of both major trade groups in Asia, a strategic position for the United States. If left unchecked, it will continue to pursue a strategy to build a China-based economy and move the United States out of the forefront of international affairs.
The United States must show effective leadership in trade in order to reverse this and prevent such unsatisfactory development. He must do it immediately; And they have to work together with the administration and Congress.
Develop road rules for digital business
In order to re-establish leadership in trade policy, the United States must negotiate and conclude high-level legislation for digital trade with our partners in the Indo-Pacific. This is an area of vital importance to the United States, and the United States and its Asian partners are innovators and leaders. The digital economy contributes more than $ 2 trillion annually to the United States economy, supporting 5 percent of employment. The United States must pursue growth in areas that are critical to its economic security and technology.
Our partners in the Indo-Pacific countries are developing their own rules, regulations and standards to control the digital economy. Without the participation of the Singapore-Australia Digital Trade Agreement and the Singapore-New Zealand-Chile Digital Economic Partnership Agreement, they are entering into their own bilateral and multilateral agreements, which could put US technology companies and consumers in a competitive position and ultimately undermine our creative potential.
Above all, digital laws should reflect American values and directly address China’s unfair trade practices. These laws should ensure the free flow of information, prohibit discriminatory actions, including obligations and taxes, support consumer protection, promote cyber security, protect human rights, fight censorship, and prevent governments from enforcing ownership code and algorithms. U.S. negotiators need to build on the digital business as part of the US-Mexico-Canada Agreement to establish the highest standards in the region.
Do it now
In August, Foreign Minister Anthony Blincon announced that trade agreements must be maintained until adequate domestic investment is made. We think that is wrong. Other countries, especially China, are not waiting, and so is the United States. Business expansion itself is an investment in the American people – and it’s good in that regard. According to the Obama administration’s analysis, exports have increased by an average of 18 percent if they could not export. There is no reason to deny American workers or businesses access to the market.
A better approach was described by Ambassador Catherine Thai in her October 4 speech. “In the 21st century, the United States must work with partners to create competition in order to achieve greater levels of market economy and democracy by establishing fair trade rules,” she said. We work with our partners to create a fair and open market.
Ambassador Thai’s idea is correct – and there is no reason to delay the fruit. Indeed, the continued pursuit of digital commerce will only enable China to follow its techno-totalitarian management model and promote its domestic technology champions, including companies that have been targeted by the US government in support of the Zinjiang genocide campaign.
Put it together.
A successful effort to write digital rules requires a close partnership between the administration and Congress. We are ready to be your partner in this effort. As you know, the constitution gives power to Congress in international trade. The founders were right because the members of Congress were close to individual citizens. In order to successfully negotiate trade agreements, Congress must properly consult and obtain ideas from both U.S. and foreign negotiators. In addition, congressional input on how to implement these regulations, the establishment of an independent digital trade agreement (bilateral or multilateral) or, as a matter of reconnection and modernization for the CPP. TPP’s strong partnership with Congress ensures that the United States pursues results that benefit the American people.
Indo Pacific is one of the most dynamic and fastest growing regions in the world in terms of technology development and global supply chains. For decades, Congress and the executive have recognized that the security and prosperity of the United States is linked to a peaceful, prosperous Indo-Pacific region. Although we do not agree on many issues, this is a unique issue that Republicans and Democrats have seen eye to eye – and should continue to do. While the digital trade agreement does not take the place of a comprehensive free trade agreement, it is the first positive step.
To that end, we need a dialogue to move forward with a plan to ensure that the US-China, not the 21st century, does not write digital trade rules. As part of the discussions, we welcome the opportunity to discuss in detail how to develop and advance a larger business agenda for the United States.