Washington DC – Today, National Foreign Trade Council (NFTC) President Bill Reinsch issued the following statement welcoming the bipartisan introduction of Trade Promotion Authority (TPA) legislation by Senate Finance Committee Chairman Orrin Hatch (R-UT) and Ranking Member Ron Wyden (D-OR), and House Ways and Means Committee Chairman Paul Ryan (R-WI).
“We applaud Senators Hatch and Wyden and Representative Ryan for their leadership and efforts to draft and introduce this much-anticipated TPA bill.
“Today’s bill introduction is a crucial step toward ensuring the United States has the tools needed to negotiate and complete international trade agreements that benefit the U.S. economy and American exporters and workers.
“As the United States pushes forward on its robust trade agenda, which includes a suite of trade agreements, including the Trans-Pacific Partnership and the Transatlantic Trade and Investment Partnership, among others, TPA provides the framework for Congress and the Administration to work together to shape and maximize the benefits of current and future trade agreements – benefits that support economic growth and jobs in all 50 states.
“We urge Congress to pass TPA legislation as soon as possible this year.”
