U.S. working to ensure stimulus meets trade rules

[Joanne98]

Source: Reuters


DAVOS, Switzerland (Reuters) - The United States is working to ensure that any stimulus package for the economy is in line with international trade rules, acting U.S. Trade Representative Peter Allgeier said on Saturday.

Trade ministers meeting in the Swiss ski resort of Davos on had expressed concern that "Buy America" provisions in the $825 billion stimulus bill passed by the House of Representatives could shut imports of other countries out of the U.S. market and fuel protectionism.

"We are certainly working with the Congress, with the White House, to make sure whatever we do in response to the economic crisis is consistent with our obligations," Allgeier told Reuters after the meeting.

Allgeier also said the administration hopes that the Senate will schedule confirmation hearings for President Barack Obama's nominee as U.S. Trade Representative, Ron Kirk, in the next couple of weeks.



Read more: http://www.reuters.com/article/ousiv/idUSTRE50U1G020090131

---

WTO dick-tatorship!

[HereSince1628]

1. We abandon Geneva Conventions but we STICK to trade rules!!!!!!!!!

What a pathetic commentary on US.

[Lasher]

2. And how are all those trade rules workin' for ya?

About as good as Reaganomics, I expect. Both need to be tossed into the garbage bin of economic history, post haste.

[lib2DaBone]

3. Take care of America first. Get out of the WTO and NAFTA.

NAFTA gave us the SHAFTA!

[Mudoria]

4. If they don't enforce the "Buy American" provisions

you can be sure the Chinese will be flooding the steel market and depriving American workers and companies of jobs and profits. It wouldn't be the first time they and the EU have practiced dumping the market.