Following the release of the 2009 National Trade Estimate Report (NTE) by the Office of the US Trade Representative (USTR), Senate Finance Committee Chairman Max Baucus released a statement in which he called the report troubling.
According to the NTE, as tariffs have declined worldwide, many nations have erected different, non-tariff barriers to trade.
The barriers cited in the report impede access to markets for the products of American workers, whether those workers are self-employed or working for small, medium or large companies.
This year's National Trade Estimate Report is troubling, Baucus said.
It shows that more countries are raising more barriers to American exports, investments, and intellectual property rights.
Baucus said this harms American businesses, including small businesses like those in my home state of Montana.
We need to ensure, Baucus continued, that USTR has 21st century tools to address 21st century trade barriers. I intend to introduce a trade enforcement bill that will do just that.
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