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House Ways and Means Committee Chairman Dave Camp (R-MI) today announced that the Committee on Ways and Means will hold a hearing on the U.S.-China economic relationship. The hearing will take place on Tuesday, October 25, 2011, in 1100 Longworth House Office Building, beginning at 10:00 A.M.
In view of the limited time available to hear the witnesses, oral testimony at this hearing will be from the invited Administration witnesses only. However, any individual or organization not scheduled for an oral appearance may submit a written statement for consideration by the Committee and for inclusion in the printed record of the hearing.
The United States and China both have a significant stake in restoring global economic health. Both countries have stressed the need to maintain positive economic and financial relations and to fight against trade protectionism. China’s economic growth, and the resulting increase in domestic consumption in China, has created a large market for U.S. exports and created important opportunities for U.S. companies, farmers, and workers.
However, there are a number of longstanding issues that have caused friction between the United States and China. American companies, farmers, and workers still face many barriers in China. These longstanding problems include subsidies that distort competition; lack of regulatory transparency; currency misalignment and a closed capital account; harmful “indigenous innovation” policies; failure to adequately protect intellectual property; and many other barriers to U.S. exports and investment. These issues have been central themes in bilateral dialogues, such as the Strategic & Economic Dialogue and the Joint Committee on Commerce and Trade (JCCT), as well as multilateral negotiations in the G20 and World Trade Organization.
The hearing will provide an opportunity for the Administration to explain its response to China’s trade-distorting practices and non-tariff barriers that prevent U.S. companies from competing on a level playing field.
In announcing this hearing, Chairman Camp said, “The Chinese market presents enormous potential for growing U.S. exports, which support American jobs. But China purposefully makes it harder to sell our goods and services, unfairly subsidizes its own companies, and blatantly steals the intellectual property of American businesses. China’s distorting trade policies are deeply troubling and cannot be allowed to stand. Its practices are costing U.S. jobs. China has benefited greatly from globalization, and it must abide by the same rules that afforded it that prosperity. The President and his Administration should continue to press China to open its markets through every available avenue. And when China has violated its international obligations, the United States must aggressively enforce its rights. I look forward to hearing the Administration’s plan for addressing China’s persistent barriers to U.S. exports and investment and exploring what should be done to ensure American employers and workers are treated fairly.”
FOCUS OF THE HEARING:
The hearing will focus on the significant opportunities presented by the Chinese market as well as the barriers that U.S. companies, farmers, and workers continue to face. The hearing will explore the Administration’s plans to address China’s persistent barriers to trade and investment.
DETAILS FOR SUBMISSION OF WRITTEN COMMENTS:
Please Note: Any person(s) and/or organization(s) wishing to submit for the hearing record must follow the appropriate link on the hearing page of the Committee website and complete the informational forms. From the Committee homepage, http://waysandmeans.house.gov, select “Hearings.” Select the hearing for which you would like to submit, and click on the link entitled, “Click here to provide a submission for the record.” Once you have followed the online instructions, submit all requested information. ATTACH your submission as a Word document, in compliance with the formatting requirements listed below, by the close of business on Tuesday, November 8, 2011. Finally, please note that due to the change in House mail policy, the U.S. Capitol Police will refuse sealed-package deliveries to all House Office Buildings. For questions, or if you encounter technical problems, please call (202) 225-1721 or (202) 225-3625.
The Committee relies on electronic submissions for printing the official hearing record. As always, submissions will be included in the record according to the discretion of the Committee. The Committee will not alter the content of your submission, but we reserve the right to format it according to our guidelines. Any submission provided to the Committee by a witness, any supplementary materials submitted for the printed record, and any written comments in response to a request for written comments must conform to the guidelines listed below. Any submission or supplementary item not in compliance with these guidelines will not be printed, but will be maintained in the Committee files for review and use by the Committee.
1. All submissions and supplementary materials must be provided in Word format and MUST NOT exceed a total of 10 pages, including attachments. Witnesses and submitters are advised that the Committee relies on electronic submissions for printing the official hearing record.
2. Copies of whole documents submitted as exhibit material will not be accepted for printing. Instead, exhibit material should be referenced and quoted or paraphrased. All exhibit material not meeting these specifications will be maintained in the Committee files for review and use by the Committee.
3. All submissions must include a list of all clients, persons and/or organizations on whose behalf the witness appears. A supplemental sheet must accompany each submission listing the name, company, address, telephone, and fax numbers of each witness.
The Committee seeks to make its facilities accessible to persons with disabilities. If you are in need of special accommodations, please call 202-225-1721 or 202-226-3411 TTD/TTY in advance of the event (four business days notice is requested). Questions with regard to special accommodation needs in general (including availability of Committee materials in alternative formats) may be directed to the Committee as noted above.
Note: All Committee advisories and news releases are available on the World Wide Web at http://www.waysandmeans.house.gov/.