July 01,2006

Grassley: United States is Right to Stand Firm on Market Access in Trade Talks

M E M O R A N D U M

To: Reporters and Editors
Re: End of WTO talks in Geneva
Da: Saturday, July 1, 2006

Sen. Chuck Grassley, chairman of the Committee on Finance, with jurisdiction over
international trade, today made the following comment on the end of the World Trade Organization
talks in Geneva this week.

“I’m disappointed that nothing came out of the talks. But Ambassador Schwab was right to
hang tough on market access. Time is running out in these negotiations. I hope our negotiating
partners recognize by now that the United States is serious. There won’t be a new WTO agreement
unless we see substantial improvements in market access.”