[Congressional Record Volume 147, Number 154 (Thursday, November 8, 2001)]
[House]
[Page H7914]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
TRADE PROMOTION AUTHORITY
(Mr. CALVERT asked and was given permission to address the House for
1 minute and to revise and extend his remarks.)
Mr. CALVERT. Mr. Speaker, the growth of services in the U.S. economy
has been a tremendous boon to our Nation's GDP and the rate of
employment. The benefit of services trade are particularly evident in
my home State of California, and at the local level. In California, for
example, services account for more than 85 percent of the State economy
and 77 percent of employment.
There are over 5,500 establishments exporting professional,
scientific and technical services in California. Those establishments
alone provide jobs for more than 130,000 people, according to the most
recent U.S. Census Bureau data.
Software publishers, broadcasting and telecommunications services
employ another 130,000 people in California, a number which would grow
if new trade agreements that would reduce barriers to services and
tariffs on industrial products and agriculture are signed.
The services sector needs successful trade negotiations that expand
substantially opportunities for U.S. trade in services. Trade
negotiating authority plays a crucial role in our country's ability to
negotiate, and implement, these negotiations; and so we need to move
these negotiations along.
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