Last Wednesday, the Ways and Means Subcommittee on Trade held a hearing to discuss trade policy. The Democrat Majority – along with the Biden Administration – has taken an anemic approach to bolstering America’s trade presence in global markets. The Ways and Means Committee – which has jurisdiction over America's domestic and international trade policy – has held only 8 hearings total relating to trade in the past 2 years. America is a leader in the global economy and we cannot sit idly by as the rest of the world advances without us. The Ways and Means committee should be focused on growing market access for American businesses to compete in, not following this administration’s example of a lackluster pursuit of any substantive trade policy.
We have seen how important and effective strong trade policy is for Georgia’s local communities. As a result of trade agreements opening new markets for American exporters, forestry has become the number one industry in our state. In the Third District alone, privately owned timberlands generate over a billion dollars in sales and manufacturing, making it a vital component of our local economy. We should build on that success by furthering global trade agreements to access new markets, reinstate successful programs like the Generalized System of Preferences (GSP) and Miscellaneous Tariff Bill (MTB) that many Georgia companies utilize, not hinder it with overbearing regulations or inaction.
Along with the need to engage with other countries to pursue free trade agreements, I discussed the need for strong intellectual property protections to safeguard American innovators and businesses. Handing over hard-earned American innovation and technology is simply wrong and puts foreign competitors first.
This administration has failed to pursue any beneficial trade policy or actions that would benefit the United States, create more jobs here at home, or allow American innovation and competitiveness to reach its full potential. The Ways and Means Committee would be better served holding a hearing to focus on renewing GSP and MTB which would allow market access for our U.S. exporters, lead to more jobs, and help our struggling economy on the brink of an economic recession.
Click here to watch my remarks during the hearing.