We've both got our homework to do.
With the strong bipartisan rejection of the Dorgan amendment today, the Senate cast a vote in favor of the U.S. working to knock down unfair trade barriers that hurt American business and farmers.
It appears that the Kingdom of Saudi Arabia is making a genuine effort to reform its economy and adopt the rule of law.
Accordingly, I believe that the accession package, both our bilateral agreement and the broader multilateral negotiation which is nearing completion, will warrant US support.
While WTO accession is no cure-all, Saudi membership in the WTO, under the rigorous terms we have negotiated, could have a lasting effect on transforming the Saudi economy away from its over-dependence on oil revenues and addressing the growing unemployment problems in the kingdom.
It's a tall order. There's still lots of work to do.
The U.S. today is taking a risk ... It is stepping forward, and it is my sincere hope that it (the plan) will jump-start the talks.
On the heels of the G-20 and Australian offerings on sensitive products, we hope to see much more ambition from the EU. The current EU proposal allows for 8 percent of tariffs, 160 different tariff lines, to be deemed 'sensitive' and thus exempt from strong cuts.