EIA APPLAUDS MAJORITY LEADER
LOTT FOR MAKING OPEN TRADE WITH CHINA A TOP PRIORITY
(Arlington, VA) -- The Electronic Industries Alliance (EIA) today
praised Senate Majority Leader Trent Lott for making open trade with
China a top agenda item for the U.S. Senate.
"Open trade with China - the world's biggest and single-most
promising emerging market, with 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.
"Majority Leader Lott's vocal support for open trade with China
is extremely crucial as is his leadership when this measure is
considered in the Senate," McCurdy said. "By making trade a top
agenda item for the Senate, the Majority Leader sent a clear signal
to the U.S. high-tech industry." Trade with China is vital to the
growth and continued global competitiveness of the high-tech
electronics industry. In 1998, total U.S. electronics sales to China
were an estimated $2.5 billion. Compared to $1.3 billion in 1994,
that is an annual increase of 17 percent. Industry analysts believe
those growth rates will continue for many years to come.
Last month, during a speech regarding foreign policy and national
security, Speaker of the House Denny Hastert (R-IL) made it clear
that PNTR with China is a top priority in the upcoming session of
Congress, and President Clinton made open trade with China a focal
point in his recent State-of-the-Union Address.
EIA will soon launch its campaign-style Hill strategy aimed at
persuading Members of Congress to support swift approval of PNTR
with China. EIA's effort will feature a wide array of activities
ranging from coordinated direct lobbying of lawmakers, to a public
relations campaign, to a high-tech grassroots campaign.
Comprised of more than 2,100 members, 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. The Electronic Industries Alliance: a
partnership of electronic and high-tech associations and companies
committed to shared knowledge and shared influence