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The final “Late Show with David Letterman” will air Wednesday night, bringing an end to a late-night career that included more than 6,000 shows and 33 years. So, before Dave signs off and gives his final Top 10 list, we decided this is a good time to remind lawmakers of the Top 10 reasons to approve Trade Promotion Authority (TPA), now making its way through Congress.
10. Trade is vital to small business:
98% of the 300,000 U.S. companies that export their products are small and medium-sized companies.
9. Trade agreements level the playing field:
Many countries slap tariffs on U.S. exports that are ten or twenty times as high as our own.
8. TPA is just commonsense:
TPA is based on the simple idea that Congress and the White House should work together on trade.
7. It’s not a new or novel concept:
It’s how the system has worked for years. TPA has been a key part of U.S. trade diplomacy since 1934.
6. Free trade agreements (FTAs) produce results:
U.S. exports to new FTA partner countries have grown roughly three times as rapidly on average in the five-year period following the agreement's entry-into-force as the global rate of growth for U.S. exports.
5. TPA establishes accountability and transparency:
TPA holds the Executive Branch accountable and establishes a transparent, democratic process for future trade agreements.
4. The Trade in Services Agreement (TISA):
The United States has joined with more than 50 other countries to launch negotiations for a high-standard trade agreement in services.
3. The Transatlantic Trade and Investment Partnership (TTIP):
The European Union remains by far America's largest commercial partner. The goal is to eliminate tariffs; open up services, investment and procurement; and promote regulatory cooperation to ensure high levels of health, safety and environmental protection while cutting unnecessary costs.
2. The Trans-Pacific Partnership (TPP):
The booming Asia-Pacific region is a logical focus for America's trade negotiators. Over the last two decades, the region's middle class grew by 2 billion people, and its spending power is greater than ever.
1. And, the No. 1 reason to approve TPA: jobs, jobs, jobs.
Nearly 40 million American jobs depend on trade.