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NFTC Foundation Honors Ambassador Froman, Secretary Pritzker for Leadership on Trade
Date: 10/16/2015
Written By: Jennifer Cummings, The Fratelli Group for NFTC, (202) 822-9491

Washington DC – Last night, at its annual World Trade Dinner and Award Ceremony, the National Foreign Trade Council (NFTC) Foundation honored both U.S. Trade Representative Michael Froman and U.S. Secretary of Commerce Penny Pritzker for their leadership and contributions to the trade community.

Ambassador Froman, recipient of the NFTC World Trade Award for his lifetime achievement in opening markets worldwide to U.S. trade and investment,
deliveredremarks highlighting the many successes over the past year, from the renewal of the Generalized System of Preferences to passage of updated Trade Promotion Authority legislation, as well as the recently concluded Trans-Pacific Partnership (TPP) agreement.

"When you step back and consider everything that TPP will help achieve, it's clear that TPP's importance is strategic as well as economic – it's a victory for the open, rules-based system the United States has helped lead for decades. It's a concrete manifestation of our commitment to the Asia Pacific and a long-term investment in global peace and prosperity," said Ambassador Froman. "We know that every additional billion dollars of
exportssupports an average of more than 5,000 jobs, and that export-related jobs pay up to 18 percent more on average than non-export related jobs. We know that businesses that export hire more, pay more, and grow faster. So, to create jobs, increase wages and strengthen the middle class, TPP is part of the answer."

Secretary Pritzker was presented with the Trade Leadership for the Digital Age award in recognition of her leadership in fostering policies beneficial to the way global companies conduct business in the Internet age and awareness of the ways digital trade connects ideas with people to transform the world. In
herremarks, Secretary Pritzker discussed how TPP, as well as the U.S.-EU Safe Harbor Framework, will improve the digital trade landscape for U.S. exporters.

"The Safe Harbor Framework – administered by the Department of Commerce – is a foundational policy that protects privacy and facilitates data transfers across borders. This Framework is a critical infrastructure that underpins every sector of the global economy, and for the last 15 years, it has enabled American and European businesses to remain interconnected and thrive," said Secretary Pritzker. "The best way to protect privacy and restore confidence in transatlantic data flows is to promptly release the strengthened Safe Harbor Framework that we have negotiated over the last two years with the European Commission."

Now in its 101st year, NFTC Foundation's World Trade Dinner has become a valued tradition for guests, ranging from senior U.S. government officials and diplomats to executives of critical global industries.

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About the NFTC
Serving America's Global Businesses Since 1914 - 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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