congressional_record: CREC-1994-12-20-pt1-PgE21
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| granule_id | date | congress | session | volume | issue | title | chamber | granule_class | sub_granule_class | page_start | page_end | speakers | bills | citation | full_text |
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| CREC-1994-12-20-pt1-PgE21 | 1994-12-20 | 103 | 2 | URUGUAY ROUND AGREEMENTS ACT | HOUSE | EXTENSIONS | FRONTMATTER | E | E | [{"name": "Tim Roemer", "role": "speaking"}] | [{"congress": "103", "type": "HR", "number": "5110"}, {"congress": "103", "type": "HR", "number": "5510"}] | 140 Cong. Rec. E | Congressional Record, Volume 140 Issue 150 (Tuesday, December 20, 1994) [Congressional Record Volume 140, Number 150 (Tuesday, December 20, 1994)] [Extensions of Remarks] [Page E] From the Congressional Record Online through the Government Printing Office [www.gpo.gov] [Congressional Record: December 20, 1994] From the Congressional Record Online via GPO Access [wais.access.gpo.gov] URUGUAY ROUND AGREEMENTS ACT ______ speech of HON. TIM ROEMER of indiana in the house of representatives Tuesday, November 29, 1994 The House in Committee of the Whole House on the State of the Union had under consideration the bill (H.R. 5110) to approve and implement the trade agreements concluded in the Uruguay round of multilateral trade negotiations: Mr. ROEMER. Mr. Chairman, I rise today to express my support for H.R. 5110, which will implement the agreements reached during the Uruguay round negotiations of the General Agreement on Tariffs and trade [GATT]. In my home district, there are diverse industries--aerospace components, pharmaceuticals, construction equipment, steel, and agricultural products--and all of these producers will benefit from the provisions included in H.R. 5510. For example, the AlliedSignal Aerospace, which manufactures carbon brakes and landing gear for commercial aircraft, will see great boosts in its potential to enter foreign markets. By providing better protection against unfair domestic subsidy practices by foreign governments, this new GATT agreement will allow domestic aerospace manufacturers to expand their markets beyond the 29 percent of production that is currently exported. The Third District of Indiana is a leading producer of pharmaceuticals. Miles Laboratories, which employs nearly 3,000 workers in North Central Indiana, expects to see great gains resulting form the implementation of the Uruguay round. GATT will not only significantly lower chemical tariffs but it will also improve intellectual property protection provisions, an important tool to research intensive businesses like Miles. GATT will be extremely beneficial to U.S. steelmakers, once again the world's leader's in steel production, by eliminating steel tariffs currently imposed by key trading partners. Most importantly, the GATT implementing legislation will ensure that U.S. laws against unfair trade remain available and effective. This is an important tool for companies like IN Tek and IN Kote, which are subsidiaries of Inland Steel that manufacture galvanized Steel in Indiana's Third District. One of the greatest benefits of GATT is the advantages it will lend to agriculture. With the reduction of tariff barriers and the increase in the world's purchasing power for U.S. commodities, Indiana farmers will see a significant increase in their export potential. According to Purdue University economists, ratification of GATT will bring tremendous gains to Indiana farmers. Estimates suggest gains to Indiana agriculture of $1.05 billion after full implementation of GATT. For corn and wheat producers, revenue should rise by nearly $750 million. While I am concerned that some losses are expected for Indiana dairy producers due to the liberalization of import quotas to the U.S., I am pleased that implementing legislation extends authorization for the Dairy Export Incentive Program through 2001. I strongly support H.R. 5110, and urge my colleagues to adopt the GATT implementing legislation. This agreement will bring much-needed reforms to international trading practices and will further open foreign markets to U.S. goods, particularly those products produced in my home State of Indiana. ____________________ |