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NFTC Welcomes Introduction of TPA Legislation
Date: 1/9/2014
Written By: Nicole L’Esperance, The Fratelli Group for NFTC, (202) 822-9491

Washington DC – National Foreign Trade Council (NFTC) President Bill Reinsch today released the following statement on the introduction of Trade Promotion Authority (TPA) legislation by Senate Finance Committee Chairman Max Baucus and Ranking Member Orrin Hatch and House Ways and Means Committee Chairman Dave Camp.

"Trade Promotion Authority is a necessary tool to negotiate and implement trade agreements that support U.S. economic and export growth and job creation. We commend Sens. Baucus and Hatch and Rep. Camp for remaining steadfast in their commitment to advancing TPA legislation.

"Congress hasn't had a substantive debate on trade in more than a decade, and TPA allows Congress to execute its constitutional authority to shape the U.S. trade agenda and set negotiating objectives.

"With a series of U.S. trade negotiations currently in progress – the Trans-Pacific Partnership, Transatlantic Trade and Investment Partnership and the Trade in Services Agreement – we urge Congress to pass TPA as soon as possible to maximize the benefits of these and future trade deals.

"The NFTC will comment in greater detail on the bill that has been introduced once it has had an opportunity to review the text."
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About the NFTC
Advancing Global Commerce for 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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