Washington DC – Today, National Foreign Trade Council (NFTC) President Bill Reinsch issued the following statement applauding Senate action on critical bipartisan trade legislation – Trade Promotion Authority (TPA), Trade Adjustment Assistance (TAA) and trade preference programs.
“Today’s Senate passage of TPA legislation marks an important milestone as we work to complete a series of important international trade agreements that will benefit U.S. businesses, farmers and workers.
“With 95 percent of the world’s consumers abroad, TPA provides U.S. trade negotiators with the tools needed to secure trade agreements that enable U.S. businesses and farmers to reach those consumers, something that is increasingly important in today’s competitive global marketplace.
“Additionally, we are encouraged by the Senate’s passage of legislation reauthorizing the trade preference programs, as well as TAA, which ensures U.S. workers displaced by trade are given the opportunity to acquire new skills and find alternative employment. Both TAA and preferences are crucial components of U.S. trade policy, and we call on the House to pass the bill and get it to the President’s desk for signature.”
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.