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U.S. Secretary of Commerce Penny Pritzker, who took part in the Chamber’s 2015 Global Supply Chain Summit this week, sat down before the event to discuss the importance of Trade Promotion Authority (TPA), now making its way through Congress.
TPA legislation lets Congress lay out priorities for the administration in trade negotiations -- including standards involving the environment, labor or intellectual property.
“Having that legislation is really critical because then when the administration is negotiating an agreement, the folks that we’re negotiating with know that Congress and the administration stand side by side on the various terms that are being negotiated,” Pritzker says.