Washington DC – The National Foreign Trade Council (NFTC) today released the following statement on U.S. Senate passage of the customs bill.
NFTC President Bill Reinsch said:
“We applaud today’s approval of the customs bill, which fulfills commitments made during the Trade Promotion Authority debate last summer.
“The bill, once implemented, will increase efficiency and competitiveness for U.S. exporters by helping facilitate trade across our borders and strengthening trade enforcement mechanisms, particularly with respect to intellectual property rights.
“With the customs bill now completed, we urge Congress and the Administration to continue working together to resolve remaining issues in the Trans-Pacific Partnership (TPP) so policymakers can begin taking steps toward approving the agreement this year.”
NFTC Vice President for Regional Trade Initiatives Chuck Dittrich said:
“Today’s vote shows that once again a majority in Congress can come together to pass legislation that gives American companies and workers the tools needed to succeed in a global economy.
“We look forward to Congress and the Administration now turning their attention to passing a high standard TPP.”