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U.S. Trade Representative Ambassador Mike Froman testified this morning before the Senate Finance Committee and will do so this afternoon before the House Ways and Means Committee on the U.S. trade policy agenda. President Obama called for renewal of Trade Promotion Authority (TPA) during his State of the Union Address, and Ambassador Froman today is expanding on this theme:
TPA puts Congress in the driver’s seat to define U.S. negotiating objectives and priorities for trade agreements. It clarifies and strengthens public and Congressional oversight by requiring consultations and transparency throughout the negotiating process. It makes clear to our trading partners that the Administration and Congress are on the same page negotiating high standards in our trade agreements.
There is no other area of policy that reflects closer coordination between the Executive branch and Congress than trade policy. And in return, I can promise you that we’ll continue working hard to strike balanced agreements that benefit our workers, employers, our environment and the economy at large.
All across the country, small businesses are echoing these calls for renewal of TPA.
1. Draper Inc., Henry County, IN:
“With approximately 10% of our revenue derived from exports, Draper would benefit greatly if the President were granted TPA. With TPA, Congress can take up the Transatlantic Trade & Investment Partnership (TTIP) with the European Union (EU) and the Trans-Pacific Partnership (TPP) with 11 other Asia-Pacific nations once the negotiations are finalized. Draper is the largest private-sector employer in Henry County, IN. If our export department can grow, so, too, can jobs in East-Central Indiana, an area hard-hit by the loss of automotive industry.” — Nate LaMar, International Regional Manager
2. Rekluse Motor Sports, Boise, ID:
“If Rekluse and other companies are to benefit from the global market as a source for growth and jobs in the United States, then we need TPA because it opens the door to new trade pacts.” — Alison Kelsey, Export Manager
3. OptiLedge LLC, Newnan, GA:
“Without TPA, other countries don’t take us seriously. The United States will sit on the sidelines while Canada and others negotiate huge trade agreements.” — Jeff Lamb, President
4. Marlin Steel Wire Products, Baltimore, MD:
“Trade Promotion Authority will enable us to negotiate trade deals effectively so we can start selling to new markets and growing jobs. When we get a new client from overseas, we have to hire more Americans to make their products. Global clients are powering Marlin Steel’s success and will accelerate the U.S. manufacturing renaissance.” — Drew Greenblatt, President
5. Regitar USA, Montgomery, AL:
“Every President since Franklin D. Roosevelt has had some form of TPA. Every President should have it.” — YT Tsai, President