I'm utterly convinced that to maintain American global prosperity, we must pursue a sensible, market-oriented trade policy that provides greater market access and enforces our laws and agreements.
There is little reason to believe that the current round of cases will resolve the matter once and for all, regardless of how the process plays out. Without a negotiated solution, chances are high that the dispute will continue.
President Bush spoke of the risks of economic isolation and the critical importance of American competitiveness. I am utterly convinced that to maintain American global prosperity, we must pursue a sensible, market-oriented trade policy that provides greater market access and enforces our laws and agreements.
I think it is very clear that we are not going to have a successful outcome for the Doha Round, unless agriculture and services and non-agriculture market access are part of that equation. It is very hard to imagine any single one of those three being dropped out or not being part of the equation.
We've come a long way since Cancun and this week reflected unprecedented cooperation between developed and developing countries, among developing countries, and among developed countries. We're talking about major blocks looking to provide substance.
If you look at the history of trade negotiations, we all started off talking about tariffs. Now we are talking about investment and intellectual property because these are all intertwined in terms of building a shared market and generating strong growth.
It's a significant and positive development. The proof will be in trade flows and the transparency and ease of the approval process.
These are laws on the books that are effective and that are enforceable.
If you are able to liberalize your markets and have a competitive market place for these kinds of services, whether you are a developed or a developing country, you clearly stand to gain in terms of your capacity to attract inward investment, to have efficient commercial processes, transactions, whether you are an importer, producer or exporter.