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White House Holds Trade Pacts Until Deal Struck On Aid Program
Date: 5/16/2011
Written By: The Hill, Kevin Bogardus

Excerpt: The Obama administration will not submit three pending trade deals for congressional approval until lawmakers agree to renew an aid program for U.S. Workers… The administration can turn to business groups for support for renewal of TAA. Lobbyists for several trade associations have said that the aid program needs to be reauthorized alongside the pending free trade deals. Bill Reinsch, president of the National Foreign Trade Council, said business groups have long favored renewing TAA and have made the case repeatedly to lawmakers to reauthorize the aid program. "There's an obvious deal to be made here, and our message to both sides has been to get on with it. That message won't change either, and you can expect us to encourage both the administration and the Congress to move on the FTAs, TAA and the expired preference programs," Reinsch said. "If they don't, the consequences are lost jobs and exports for America, more hardship for our unemployed workers and lost opportunities for poor people in developing countries," Reinsch said. "This is a no-brainer!"

 

About 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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