We are in the process of developing a plan of action to address the pending trade agreements in consultation with Congress. We hope to move on the Panama Free Trade Agreement (FTA) relatively quickly. And we plan to establish Benchmarks for progress on the Colombian and South Korean fats'. The President's agenda will take account of the changing contours of the world economy by underscoring the importance of continuing education and the mastery of new skills to ensure we continuously strengthen our competitiveness.The President's agenda will also stress the importance of harnessing new Technologies to help our citizens learn, conduct business and compete. It recognizes the impact of Transportation and energy infrastructure on the location and productivity of economic activity.
The President's agenda also recognizes the necessity of pursuing energy and environmental policies that ensure a sustainable and prosperous future for our planet. These changes will make environmental Dynamics more central to the direction of the world economy. We also want to expand the universe of those who benefit from trade and fully address the costs it creates. For example, trade and commercial policies should help small and medium-sized firms become more integrated as effective competitors in the global marketplace. Our goal should not only be to help them respond to competitive imports, it also should be to create conditions that help them become effective Exporters.
Open world markets can incentives people and capital to move from less productive to more productive jobs and uses. This process ultimately stimulates higher wages and innovation while lowering prices for Consumers. But trade outcomes do not lift everyone up in the short run & cause painful adjustments for some. It is the responsibility of government to ensure that people receive the assistance they need to make those adjustments. Our trade policy needs a keener appreciation of the consequences of trade for our workers, their families, and their communities. The Congress has already made meaningful progress on this front by upgrading our existing adjustment assistance programs for workers.
To make support for global markets sustainable, our consideration of the effects of trade can not stop at the edge of our borders. Trade is more beneficial for the world, and fairer for everyone, if it respects the Basic rights of workers. Our trade policies should build on the successful examples of labor provisions in some of our existing agreements.
Also, as we tackle the issues of equity, we need to ask how trade policy can respond to mounting global environmental challenges. These range from climate change to dangerously depleted resources such as Fisheries. We should aim to make trade a part of the tool kit of solutions for addressing international Environmental challenges. The clear implication of these global challenges is that simply lowering tariffs and eliminating tariffs will not produce a successful trade policy. Managing our nation's trade policy and engagement in the world Economy has become an ever more complex challenge. Therefore, we must bring the same vigor and Innovation to making trade policies more transparent and accountable that we are now applying to the Process of developing and implementing our domestic economic policies.
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US Trade Representative (USTR)
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