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NFTC Says Senate TAA/GSP Bill Vote Clears the Path for Submission and Approval of FTAs
Date: 9/22/2011
Written By: Jennifer Cummings, The Fratelli Group for NFTC, (202) 822-9491

Washington, DC – The National Foreign Trade Council (NFTC) today welcomed Senate approval of legislation to retroactively renew the Generalized System of Preferences (GSP) and continue an effective Trade Adjustment Assistance (TAA) program. The NFTC released the following statement:

"We applaud the Senate leadership and trade champions on both sides of the aisle for working together to make today's vote a success – helping to clear the way for submission and approval of the free trade agreements (FTAs) with Colombia, Panama and South Korea. The NFTC has long supported the TAA and GSP programs, as both are critical elements of not only the U.S. trade agenda, but also efforts to create and support American jobs.

"We are encouraged by this vote and hope that the spirit of bipartisanship and commitment to shoring up the U.S. economy and creating jobs through trade legislation, will continue following the recess. It is our expectation that in early October, additional progress will be made on the trade front, including through the Administration's submission of the FTAs and votes in the House on TAA and the lapsed preference programs. Our economy, exporters and workers cannot afford further delay."
 

About the 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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