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Reinsch: Senate Finance Approval of TPA Builds Momentum for Advancing Trade Agenda (Full Senate Passage Needed of TPA, TAA, AGOA, GSP and Preferential Duty Treatment Program for Haiti Legislation)
Date: 4/23/2015
Written By: Jennifer Cummings, The Fratelli Group for NFTC, (202) 822-9491

Washington, DCToday, the National Foreign Trade Council (NFTC) applauded the Senate Finance Committee’s approval of bipartisan legislation to renew Trade Promotion Authority (TPA) – the Bipartisan Congressional Trade Priorities and Accountability Act of 2015 – and called on the full Senate to pass the legislation without delay. 

“Today’s Senate Finance Committee approval of TPA legislation builds momentum for advancing the U.S. trade agenda, as TPA is a critical tool for negotiating and implementing trade agreements that benefit American exporters and workers,” said NFTC President Bill Reinsch. “With several trade negotiations already underway, including the Trans-Pacific Partnership and the Transatlantic Trade and Investment Partnership, TPA is an essential tool for Congress to exercise its Constitutional authority on trade policy and give the President negotiating instructions.” 

NFTC also commended the Committee’s passage of legislation to extend Trade Adjustment Assistance (TAA) and a bill to extend the African Growth and Opportunity Act (AGOA), the Generalized System of Preferences (GSP), the preferential duty treatment program for Haiti, and for other purposes. 

“Renewing TPA and extending TAA, AGOA, GSP and the preferential duty treatment program for Haiti is fundamental to maintaining the United States’ leadership role in the global rules-based trading system,” continued Reinsch. “We urge the House Ways and Means Committee to favorably report out the TPA bill tomorrow to pave the way for full House and Senate floor action as soon as possible.”

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