Testimony of Lori Wallach Director, Public Citizen’s Global Trade Watch before U.S. International Trade Commission on “Economic Impact of Trade Agreements Implemented Under Trade Authorities Procedures, 2021 Report” October 2, 2020 Lori Wallach, Director Public Citizen’s Global Trade Watch 215 Pennsylvania Ave. SE Washington, D.C. 20003
[email protected] 202-546-4996 Mister Chairman and members of the Commission, thank you for the opportunity to testify today on the economic impact of trade agreements implemented since 1985 under trade authorities procedures so as to contribute to the Section 105(f)(2) report required by the Bipartisan Congressional Trade Priorities and Accountability Act of 2015. I am Lori Wallach, director of Public Citizen’s Global Trade Watch. Public Citizen is a national public interest organization with more than 500,000 members and supporters. For more than 45 years, we have advocated with some considerable success for consumer protections and more generally for government and corporate accountability. It is critical that the Commission’s evaluation of the economic impacts of the Free Trade Agreements (FTAs) negotiated by the U.S. government under trade authorities procedures (Fast Track) provides accurate and trustworthy information to policymakers and the general public about the agreements’ actual outcomes. In many communities nationwide, decades of trade agreements negotiated on a model established with the North American Free Trade Agreement (NAFTA) have caused economic damage to many and fueled anger and despair. The dwindling ranks of defenders of that model argue that it was not trade, but other policies and trends that have caused the problems people “blame” on trade pacts.