SIFMA submits a statement for the record to the U.S. House Ways and Means Committee for the Committee’s hearing, The Administration’s 2012 Trade Policy Agenda. SIFMA believes that concluding the Trans-Pacific Partnership (TPP) agreement, granting Russia Permanent Normal Trade Relations (PNTR), working toward a more liberal and developed financial services sector in China, strengthening the EU-U.S. trade relationship, and approving Bilateral Investment Treaties (BITs) with China and India, offers Congress and the Administration an opportunity to secure open and fair access to foreign markets for U.S. firms and their clients.