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HCON 387 IH
Mr. JOHN submitted the following concurrent resolution; which was referred to the Committee on International Relations
Whereas the United States exhibited a record $541,800,000,000 current account trade deficit in 2003;
Whereas United States agricultural exports have exceeded United States agricultural imports since the late 1950's, generating a surplus in United States agricultural trade that has countered the persistent deficit in nonagricultural United States merchandise trade;
Whereas exports consistently represent 20-30 percent of the value of total farm income in the United States;
Whereas an average of $550,000,000 worth of United States agriculture exports were shipped to Iraq in the 7 years leading up to the embargo of 1991;
Whereas United States commodities provided, on average, 25 percent of agricultural imports by Iraq prior to the embargo of 1991;
Whereas Iraq is expected to require as much as $2,000,000,000 worth of imported agricultural products annually over the next several years;
Whereas Vietnam has recently supplied Iraq with 75,000 metric tons of rice, and food products from other noncoalition nations such as China, France, Pakistan, and the Russian Federation remain in the pipeline for importation by Iraq; and
Whereas the United States has spent tens of billions of dollars in Iraq, and committed hundreds of thousands of American soldiers since the conflict began in March of 2003: Now, therefore, be it
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