USTR Kirk Testifies at Senate Finance Committee on President's 2012 Trade Agenda
On March 7, 2012, U.S. Trade Representative Ron Kirk testified before the Senate Finance Committee on key initiatives of the President's Trade Policy Agenda for 2012, such as the U.S.-Korea Trade Agreement (KORUS) that will come into force on March…
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15, the Trans-Pacific Partnership (TPP) negotiations, and tougher trade enforcement through the new Interagency Trade Enforcement Center (ITEC). USTR Kirk also stated that Russia's Jackson-Vanik status must be terminated as soon as possible in order for U.S. firms to enjoy the same benefits of Russia's World Trade Organization membership as the U.S.' international competitors. Senate Finance Chairman Baucus (D-MT) also commented on the President's trade agenda and laid out three major trade goals for 2012: (1) establishing permanent normal trade relations (PNTR) with Russia; (2) Concluding the TPP trade agreement negotiations; and (3) addressing the challenges posed by China.