World Trade Organization

Floor Speech

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Mr. GRASSLEY. Madam President, I want to talk about the World Trade Organization. I have said what I am going to say now before. So I want to say it again: The United States must reaffirm its commitment to significant reform of the World Trade Organization. The United States must move to revitalize that organization because the World Trade Organization advances the cause of free and fair global trade, and they necessarily do it because of the modern economy we are in.

It is imperative that we continue to double down on the efforts that demonstrate the United States' leadership at Geneva, the headquarters of the World Trade Organization. That includes our efforts to reform the World Trade Organization appellate body, to work on subsidies that too many countries are using, and to continue ongoing negotiations to accomplish these goals.

The World Trade Organization can and should play an important role in the global economic recovery from our virus pandemic. I urge the administration and my colleagues here in the Senate to advocate for our interests. I urge the Trump administration to confront trade distortions, and most importantly, this administration must encourage all World Trade Organization members to unite in an effort to lift us out of the nearly unprecedented global downturn we have had in trade because of the virus pandemic.

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