Contact: |
John Schachter |
|
202-872-1260 |
Release Date: |
05/03/2000 |
(WASHINGTON, D.C.)-The Business Roundtable's goTRADE
organization provided first-hand evidence of the value of the
China market to American small business in a hearing conducted
by the House Ways and Means Committee. The hearing's topic was
the proposal to extend Permanent Normal Trade Relations (PNTR)
status for China.
Kyle Burns, director of International Sales at Columbia
300, Inc., a manufacturer of high-performance and entry-level
bowling balls, and member of BRT's goTRADE organization in San
Antonio, Texas, provided testimony.
"The Chinese market is particularly important for
Columbia," said Burns. "We began exporting bowling balls
indirectly to China through Hong Kong approximately seven
years ago, and we began exporting directly to China
approximately four years ago. Our main markets are in the
major metropolitan areas along the East Coast of China.
Recently, China has accounted for as much as seven percent of
our international sales, and it promises the greatest growth
potential for our products."
The BRT has sponsored research on the enormous
opportunities that opening the Chinese market would create for
American workers, farmers and businesses. Included in this
research are studies of the impact the landmark U.S.-China
trade agreement would have on each of the 50 states (these
reports can be obtained from BRT's Web site at (www.brt.org).
The data in the reports clearly show that small businesses
throughout the United States will be the beneficiary of
increased trade with China.
Burns explained to the committee how PNTR legislation would
lead to greater exports for Columbia 300. "Foreign companies
have no right to distribute products other than those they
make in China, and they cannot own or manage distribution
networks, wholesaling outlets, or warehouses. Under the [China
market access] agreement, China will for the first time grant
U.S. companies like Columbia the right to import without
Chinese middlemen, and it will also permit full rights of
distribution. We will therefore have the freedom to establish
our own networks to distribute our products in China."
BRT's goTRADE initiative is a national trade education and
information program designed to help Americans better
understand the benefits of international trade. Each local
goTRADE organization features a locally organized pro-trade
network comprising businesses, workers, academics, and others
with an interest in supporting open trade. The goTRADE
initiative is currently operating in 19 states and 88
congressional districts. For more information, visit
www.gotrade.org.
# # #
The Business Roundtable is an
association of chief executive officers of leading
corporations with a combined workforce of more than 10 million
employees in the United States. The chief executives are
committed to advocating public policies that foster vigorous
economic growth and a dynamic global economy.