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NFTC Statement on Senate FTA/TAA Deal
Date: 8/4/2011
Written By: Jennifer Cummings, The Fratelli Group for NFTC, (202) 822-9491

Washington DC National Foreign Trade Council (NFTC) Vice President for Regional Trade Issues Chuck Dittrich today welcomed news that Senate leaders reached an agreement on moving forward the pending free trade agreements (FTAs) and Trade Adjustment Assistance (TAA) legislation following the August recess:

"We thank Senators Reid and McConnell and their staffs for working together over what has been an intense few weeks to come to an agreement on how to sequence votes on TAA and the FTAs with Colombia, Panama and South Korea. All are integral components of the U.S. trade agenda and action is long overdue.

"As the president and some Congressional leaders stated this week, the legislative agenda in September must focus on getting Americans back to work, increasing the volume of exports that leave our ports every day and generating economic growth. While there will be many legislative priorities when Congress returns, the Administration and Congress must now move to a vote and finally take yes for an answer on trade.

"International trade creates jobs, and the FTAs all inked more than four years ago are part of the job creation equation. It's time to approve them so that U.S. companies, farmers and ranchers can compete and regain market share in all three growing, dynamic economies. TAA is by design a job-creating program, as it focuses on providing U.S. workers impacted by trade with the tools, skills and economic foothold they need to re-enter the workforce.

"The FTAs, TAA, the Generalized System of Preferences and Andean Trade Preferences all have one thing in common they will help to boost the U.S. economy and support and create American jobs. We urge Congress and the Administration to work together immediately in September to see that all are approved as soon as possible."

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About NFTC
Advancing Global Commerce for Nearly A Century- The National Foreign Trade Council (www.nftc.org) is a leading business organization advocating an open, rules-based global trading system. Founded in 1914 by a broad-based group of American companies, the NFTC now serves hundreds of member companies through its offices in Washington and New York.
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