Wednesday, July 14, 2004
PMA Member Wes Smith Testifies Before House Small Business Committee; Calls on Congress to Change Protectionist Trade Laws That Penalize Downstream Industries: "Wes Smith testified on behalf of the Consuming Industries Trade Action Coalition (CITAC) Steel Task Force today before the House Small Business Committee, calling on Congress to enact trade law reform in order to protect U.S. downstream industries who are being damaged by trade laws intended to protect an industry at the expense of the wider economy.
In his testimony, Smith, [...] stated 'All too often ... trade remedies intended to provide protection for one industry cause damage to other industries, particularly so-called 'downstream' industries. This is because our trade laws do not require and in some cases, do not permit the Department of Commerce and the U.S. International Trade Commission to consider the total effects of trade policy decision on the overall economy.''"
In his testimony, Smith, [...] stated 'All too often ... trade remedies intended to provide protection for one industry cause damage to other industries, particularly so-called 'downstream' industries. This is because our trade laws do not require and in some cases, do not permit the Department of Commerce and the U.S. International Trade Commission to consider the total effects of trade policy decision on the overall economy.''"
