[Congressional Bills 104th Congress]
[From the U.S. Government Publishing Office]
[S. Con. Res. 2 Introduced in Senate (IS)]







104th CONGRESS
  1st Session
S. CON. RES. 2

  Expressing the sense of the Congress that the People's Republic of 
China should purchase a majority of its imported wheat from the United 
  States in order to reduce the trade imbalance between the People's 
                Republic of China and the United States.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

             January 19 (legislative day, January 10), 1995

  Mr. Dorgan submitted the following concurrent resolution; which was 
                  referred to the Committee on Finance

_______________________________________________________________________

                         CONCURRENT RESOLUTION


 
  Expressing the sense of the Congress that the People's Republic of 
China should purchase a majority of its imported wheat from the United 
  States in order to reduce the trade imbalance between the People's 
                Republic of China and the United States.

Whereas the trade surplus of the People's Republic of China with the United 
        States has exploded in recent years, increasing from $3,500,000,000 in 
        1988 to about $30,000,000,000 in 1994;
Whereas the United States share of the People's Republic of China's wheat 
        imports has decreased from 52 percent in 1988 to between 30 and 40 
        percent in the past 5 years;
Whereas the Government of the People's Republic of China has chosen to increase 
        its purchases of wheat from other exporting nations despite the 
        incentives the United States offers to the People's Republic of China to 
        make United States wheat competitive in the world market; and
Whereas the People's Republic of China's reduction in purchases of United States 
        wheat during a period of rapid growth in the People's Republic of 
        China's trade surplus with the United States aggravates the serious 
        trade imbalance between the 2 nations: Now, therefore, be it
    Resolved by the Senate (the House of Representatives concurring), 
That it is the sense of the Congress that the President, acting under 
his authority in trade matters, should insist that the Government of 
the People's Republic of China purchase a majority of the wheat it 
imports from the United States as an indication that the People's 
Republic of China is concerned about the trade imbalance between the 2 
nations and wants to restore a healthy, reciprocal trading partnership.
                                 <all>