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NFTC Urges Prompt Passage of TPA, Essential to Advancing Critical Trade Agreements
Date: 1/27/2015
Written By: Jennifer Cummings, The Fratelli Group for NFTC, (202) 822-9491

Washington DC – The National Foreign Trade Council (NFTC) today in a letter to Congress called for support of prompt enactment of Trade Promotion Authority (TPA) to provide congressional guidance to U.S. trade negotiators. In a letter to all members of the U.S. Senate and House of Representatives, NFTC President Bill Reinsch wrote:

"Early enactment is critically important because negotiations on the Trans-Pacific Partnership are nearing completion and those for the Transatlantic Trade and Investment Partnership are making significant progress. These two negotiations are the most important market-opening and standard-setting trade negotiations in many years.

"… Issues such as the development of global value chains, trans-border data flows now critical to all sectors of the U.S. economy, the need for improved discipline on foreign state-owned enterprises, and practices such as forced localization of data storage have all grown in importance in the last decade and have become significant new trade issues. New TPA legislation will give Congress the opportunity to take these new realities into account and provide appropriate direction to our negotiators."

The NFTC was encouraged to hear U.S. Trade Representative Michael Froman's testimony today before the Senate Finance and House Ways and Means Committees. Ambassador Froman highlighted the importance of Congress passing bipartisan TPA legislation, the Administration's work toward a successful conclusion of the Trans-Pacific Partnership, as well as progress being made on other trade negotiations, including the Transatlantic Trade and Investment Partnership and those underway at the World Trade Organization.

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About the NFTC
NFTC is Celebrating our New Century in 2014! Details at www.nftc.org 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. Follow us on: