Press Releases
NFTC in the News
View from the Council

Press Releases

Trade deals were cash cow for K Street
Date: 10/6/2011
Written By: The Hill, By Kevin Bogardus

Excerpt: A multimillion-dollar stimulus package for K Street is coming to a close. The expected passage of the trade deals with Colombia, Panama and South Korea marks the end point of a long campaign that saw the respective governments spend freely on lobbyists, lawyers and public relations to help push the deals to the finish line…. Bill Reinsch, president of the National Foreign Trade Council, a pro-trade business group, called the expected passage of the agreements “a good thing.” “Evidence of the benefits of the deals and the costs of not implementing them has been piling up for some time, so it’s good to get them done. Also, being able to do it with a degree of bipartisan cooperation is also good news for the Congress’s ability to get anything done,” Reinsch told The Hill…. Reinsch predicted there would be some reductions in the lobbying corps. “I imagine some will, particularly if they were specifically for enactment of the legislation. However, even after the president signs the bills, there are many things that have to happen before they actually enter into force, and countries might find it in their interest to maintain some level of representation,” Reinsch said.