Statements and Speeches

WASHINGTON – Today, Sen. Tom Carper (D-Del.), a member of the Senate Finance Committee and Chairman of the Senate Committee on Homeland Security and Governmental Affairs, attended the Senate Finance Committee hearing on “The Role of Trade and Technology in 21st Century Manufacturing.”

A copy of Sen. Carper's remarks, as prepared for delivery, follows:

“Thank you Mr. Chairman for holding this important hearing today.

“In a high-tech global economy, it’s vital that our trade policy is not stuck in the 20th century. Trade barriers around the world are obstacles for both high- and low-tech American businesses and we must adjust our policies to account for the advances being made around the globe. American manufacturers, in particular, are facing steep competition in the worldwide race to make faster, better, and stronger goods, so Congress has a responsibility to make sure these businesses are equipped with the tools they need to be successful.

“The renewal of Trade Promotion Authority will give us an opportunity to update the trade negotiating objectives we set for the president’s administration and address new concerns such as barriers to cross-border data flows, trade secret theft, technology localization requirements, and unfair competition from state-owned enterprises.
 
“One of the most urgent needs for enacting this legislation is to create a smart path forward on trade agreements like the Trans-Pacific Partnership and the Transatlantic Trade and Investment Partnership. These agreements will create incredible opportunities for American businesses in some of the fastest growing markets around the world and help strengthen our relationships with foreign nations.

“In Delaware, international trade supports 120,000 jobs and billions of dollars in exports to more than 180 countries. Up-to-date and comprehensive trade agreements will not only bolster international commerce, but they will also increase the number of consumers of American – and Delawarean – goods and services.

“That is why I am passionate about getting Trade Promotion Authority across the finish line in this Congress. Undoubtedly, there are improvements we can make to the current bill, but I will continue to work closely with my colleagues on both sides of aisle and the administration to ensure that we move toward enacting this important legislation.”

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