"My legislation is about making sure American agriculture is not sold-out in a political deal that lets China into the WTO before China guarantees market access and agrees to the terms spelled out in our multilateral trade rules," Grassley said. "We have just one chance to get it right with China. A WTO invitation should not be extended just for a photo-op."
China's Premier Zhu Ronghi is scheduled to visit the United States on April 8.
Grassley said S.742, the bi-partisan bill he introduced last night with Sen. Kent Conrad of North Dakota would clarify the requirements for the accession of China to the WTO. Grassley said it is based on Congress' constitutional responsibility to regulate foreign commerce. The bill would:
. Grassley said it would be good for China to join the world trade community's official forum under the right terms. For 50 years, the WTO and GATT have eliminated literally tens of thousands of tariff and non-tariff trade barriers. "The result has been a dramatic increase in our collective prosperity and a strengthening of world peace," he said.
Earlier this month, Grassley held a hearing to, in part, examine the status of trade issues between the U.S. and China. He discussed China's failure to live up to a 1997 agreement to allow the purchase of U.S. pork and said, "real progress must be made by China on removing discriminatory licensing practices and restrictive sanitary regulations aimed at U.S. agricultural products before we can give serious consideration to China's bid to join the WTO."
Grassley is Chairman of the Senate Subcommittee on International Trade and a Congressional Advisor on Trade Policy.