PART III SPECIFIC INDUSTRY PROBLEMS Page 1. Independent Refiners Association of America__ 2. General Industrial Workers Union, Local 146. 729 735 3. Stone, Glass and Clay Coordinating Committee. 736 4. Lead-Zinc Producers Committee___ 739 5. Mushroom Canners Committee, Pennsylvania Canners & Food Processors Association.. 770 9. Fine & Specialty Wire Manufacturers Association_ 10. American Watch Association___ 808 812 11. Braided Rug Manufacturers Association. 819 12. Slide Fasteners Association... 822 13. Clothespin & Veneer Products Association_ 14. Glass Crafts of America_ _ 19. American Sprocket Chain Manufacturers Association.. 20. U.S. Olive Producers & Importers.. 23. Floor Covering Group, National Council of American Importers... Dirksen. Senator Everett McKinley, letter and statement to the Chairman 911 Future of U.S. Foreign Trade Policy, Office of the Special Representative for Trade Negotiations' notice of public hearing. 924 Johnson, President Lyndon B., statement, on the swearing in of Ambassador William Roth.. 920 Roth, Ambassador William M., statement, The Future Work 921 [Press release of the Committee on Finance, U.S. Senate, Mar. 3, 1967] RUSSELL B. LONG, DEMOCRAT, OF LOUISIANA, CHAIRMAN, COMMITTEE ON FINANCE, ANNOUNCES LEGISLATIVE OVERSIGHT REVIEW OF U.S. TRADE POLICIES Chairman Russell B. Long today announced that the Committee on Finance soon would begin a review of the international trade structure of the United States and of the administration of the trade agreements program. He stated this review was in keeping with the request by the majority leader to committee chairmen for "a concentrated Senate exercise of the oversight function." Chairman Long noted that although the committee had not made this sort of review before, rising congressional concern about trade matters, together with the impending termination of tariff-cutting authority under the Trade Expansion Act, makes it particularly appropriate at this time. The review, which will include public hearings, is expected to touch on all aspects of the program, such as possible shortcomings in the applicable statutes, the negotiation process and ad hoc trade agreements, methods of reporting trade statistics, customs administration, valuation and dumping practices, procedures for aiding workers and industries harmed by excessive imports, and methods for expanding U.S. exports. The role of the Tariff Commission in these functions will also be explored. He emphasized that knowledge gained from this legislative oversight activity would enable members of the committee to better understand problems involved in negotiating and administering complex trade programs and to more effectively deal with them in future legislation. While emphasizing that the hearing schedule has not yet been fixed, the chairman extended an invitation to those desiring to participate and contribute to this study to contact Mr. Tom Vail, chief counsel, Committee on Finance, room 2227, New Senate Office Building, Washington, D.C., and state the specific areas of their interest. [Press release of the Committee on Finance, U.S. Senate, Sept. 27, 1967] RUSSELL B. LONG, DEMOCRAT, OF LOUISIANA, CHAIRMAN, ANNOUNCES COMMITTEE ON FINANCE WILL PUBLISH COMPENDIUM OF PAPERS ON LEGISLATIVE OVERSIGHT REVIEW OF U.S. TRADE POLICIES On March 3, 1967, Chairman Russell B. Long announced that the Committee on Finance would undertake a thorough review in the nature of a legislative oversight investigation into all aspects of the U.S. trade structure and the administration of the trade agreements program. This review is to include public hearings. He emphasized that knowledge gained from this legislative oversight activity would enable members of the committee to gain a better understanding of the problems involved in negotiating and administering complex trade programs and to deal more effectively with them in future legislation. As one part of this review, Chairman Long today announced that all interested parties are invited to submit written statements to the committee on U.S. foreign trade policies and practices. These papers will be published in a compendium which will form the basis for hear ings at a later date. Under this procedure, it is hoped that each party participating in the oversight review will benefit from the views presented by other participants as well as from factual material that is developed in the papers. The chairman stressed that while this compendium is in addition to the public hearings, submission of a paper was not to be considered a prerequisite for presenting an oral statement when the hearings are scheduled. He also expressed the hope that the papers submitted to the committee would be factual and objective. As a guideline in the preparation of statements, he indicated that the following areas might properly be explored and developed in the papers: 1. Possible shortcomings in the applicable statutes. 2. The negotiating process and ad hoc trade agreements. 3. Role of the Tariff Commission. 4. Customs administration. 5. Valuation of imported goods. 6. Dumping and unfair methods of competition in import trade. 7. Procedures for aiding workers and industries harmed by excessive imports. 8. Policies needed to expand U.S. exports. 9. The prospects for exports and imports over the next decade. and how the Kennedy round negotiations will affect these trends. 10. The major tariff and nontariff barriers which must be faced in exporting, and some estimates of their relative effects. 11. The consequences for U.S. exports of the adoption by the European Economic Community of a common value-added tax. 12. The effect of U.S. foreign investment (and the voluntary restraint programs) on U.S. exports to developed and lessdeveloped countries. а 13. Tariff preferences for products of less-developed countries. 14. Commodity agreements. 15. A free trade area with U.S. participation. 16. The GATT as an instrument for assuring expanded world trade on a reciprocal, nondiscriminatory basis. This list is not intended to be all inclusive and should not be interpreted as restricting the scope of the inquiry. Each statement may concentrate on those areas in which its sponsor has the greatest expertise. The chairman also stated that the papers should be submitted no later than November 1, 1967, to Tom Vail, chief counsel, Committee on Finance, room 2227, New Senate Office Building, Washington, D.C. It is suggested that they be limited to approximately 20 pages and that they include a one-page summary of the highlights of the full state ment. |