EIA PRAISES SPEAKER HASTERT
FOR SETTING CRUCIAL TRADE VOTE Open Trade with China is top priority
for Electronics Industry
WASHINGTON, DC - The Electronic Industries Alliance (EIA) today
praised U.S. Speaker of the House Dennis Hastert for scheduling a
vote for the week of May 22nd on legislation granting permanent
normal trade relations (PNTR) with China.
In order for the U.S. high-tech industry to fully enjoy the
benefits of China's membership in the World Trade Organization
(WTO), the Congress must first pass legislation extending Permanent
Normal Trade Relations Status (PNTR) to China. WTO rules require
that member nations grant each other unconditional normal trade
relations status. Under current law, China's trade relations status
is reviewed annually.
"Open trade with China - the world's biggest and single-most
promising emerging market, with more than one billion potential
customers - will play a critical role in keeping the U.S. economy
moving forward," said EIA President Dave McCurdy, whose
organization's number-one legislative goal this year is the swift
Congressional passage of permanent normal trade relations (PNTR)
with China. "Speaker Hastert has shown great courage and leadership
and clearly understands the importance of this vote for our nation's
high tech and electronic industries. This is, without question, the
most important trade vote of the decade."
Trade with China is vital to the growth and continued global
competitiveness of the high-tech electronics industry. China is
expected to become the largest market in the world for U.S.
semiconductor manufacturers, computer manufacturers, software
manufacturers, telecommunication manufactures, and internet service
providers.
The Electronic Industries Alliance (EIA) is a partnership of
electronic and high-tech associations and companies committed to
shared knowledge and shared influence. Comprised of more than 2,100
members that provide two million jobs for American workers, EIA
represents 80 percent of the $550 billion U.S. electronics industry.
EIA's sector associations and members represent consumer
electronics, telecommunications, components, government electronics,
semiconductor standards, as well as many other vital areas of the
U.S. electronics industry.