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NRF urges House to reject China Currency Bill
30 Sep '10
4 min read
“It makes little sense to give China a legitimate reason to retaliate against U.S. exports or an excuse to hassle U.S. businesses with no prospect that this legislation would be effective,” Pfister said.
As an alternative solution, NRF agrees that the currency issue is best resolved through multilateral and diplomatic channels such as the G-20, the IMF and the U.S.-China Strategic and Economic Dialogue, as outlined in a recent letter signed by eight former U.S. Trade Representatives and Secretaries of Commerce
As the world's largest retail trade association and the voice of retail worldwide, NRF's global membership includes retailers of all sizes, formats and channels of distribution as well as chain restaurants and industry partners from the United States and more than 45 countries abroad. In the United States, NRF represents the breadth and diversity of an industry with more than 1.6 million American companies that employ nearly 25 million workers and generated 2009 sales of $2.3 trillion.
As an alternative solution, NRF agrees that the currency issue is best resolved through multilateral and diplomatic channels such as the G-20, the IMF and the U.S.-China Strategic and Economic Dialogue, as outlined in a recent letter signed by eight former U.S. Trade Representatives and Secretaries of Commerce
As the world's largest retail trade association and the voice of retail worldwide, NRF's global membership includes retailers of all sizes, formats and channels of distribution as well as chain restaurants and industry partners from the United States and more than 45 countries abroad. In the United States, NRF represents the breadth and diversity of an industry with more than 1.6 million American companies that employ nearly 25 million workers and generated 2009 sales of $2.3 trillion.
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