November 8, 2021

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Press releases

Washington, DC Today, U.S. Senator Rob Portman (R-OH) joins other Senate Finance Republicans Senators Ben Sassie (RNN), John Baraso (R-WI), Richard Burr (RNC), Bill Cassidi (R-LA), John Corney (R-TX), Mike Krapo (R-ID), Steve Dance (R-MT), Chuck Grassley (R-IA), James Lancford (R-Oke), Tim Scott (R-SC), John Tune (R-SD), Patrick Tommy (R-PA) and Todd In a letter to President Biden, R-IN said the administration should start digital trade negotiations with our partners and partners in Asia.

”[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.”

“Above all, digital laws must 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 must build a digital trading platform negotiated as part of the US-Mexico-Canada Agreement to establish the highest standards required in the region. The senators continued.

The full letter is available. over here And found 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 taking the initiative 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-TPP, China now wants to join the negotiations.

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 he has to do it together With the administration and Congress working together.

Develop road rules for digital business

In order to re-establish leadership in trade policy, the United States must negotiate and conclude high-level digital trade regulations with our Indo-Pacific partners. 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 a year to the United States economy and supports 5 percent 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 creativity.

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.

The best course of action was announced by Ambassador Catherine Thai on October 4.Th 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. The TPP’s strong partnership with Congress ensures that the United States pursues results that benefit the American people.

Indo Pacific is one of the world’s most dynamic and fastest-growing regions 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. Although the digital trade agreement does not replace the general free trade agreement, the first step is positive.

To that end, we need a discussion in 21 to continue the plan to ensure that the United States – not China – writes the rules of digital trade.St Century. 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.

your sincerely

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