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NFTC Applauds Signing of FTAs, TAA/GSP Legislation
Date: 10/21/2011
Written By: Jennifer Cummings, The Fratelli Group for NFTC, (202) 822-9491

Calls for Swift Implementation


Washington DC – The National Foreign Trade Council (NFTC) today released the following statement welcoming the President's signing of the implementing legislation for the U.S. free trade agreements (FTAs) with Colombia, Panama and South Korea, as well as legislation to extend the Trade Adjustment Assistance (TAA) program and the Generalized System of Preferences (GSP).

“The NFTC and our member companies applaud the signing of the FTAs and TAA/GSP legislation. All four trade bills are essential to growing the U.S. economy, American jobs and the competitiveness of our exporters, be they farmers, small- and medium-sized businesses or large American companies with worldwide operations.

“We applaud the Administration and Congress for working together over the past several months — and if we go back to the signing of the FTAs, years — to make today a reality.

“The benefits of the FTAs can only begin to flow when each enters into force, and so we call on key players in both the U.S. government and the governments of our FTA partner nations to work together to ensure swift implementation.”

 
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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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