Expanded Trade Supports a Growing Economy
(Washington D.C.) – The House of Representatives is expected to bring Trade Promotion Authority (TPA) legislation to a vote today. President Obama has been vocal about the importance of opening new markets to U.S. exports, while also ensuring that American consumers have access to quality goods and services at competitive prices. The legislation would give the president the authority to negotiate trade deals with other countries without the threat of Congress picking apart the details of potential agreements, while still retaining for Congress the power to review and vote “yes” or “no” on those treaties in their entirety. Congress has granted TPA to every past president over the last 30 years. Supporters of the TPA note that this legislation is necessary to enable the U.S. to expand trade in new and developing markets, resulting on economic growth for the nation. If TPA fails to garner the necessary votes, it is likely that the U.S. will see economic rivals realize these gains, while remaining Marginal ized in potentially valuable markets.
Daniel Garza, Executive Director of The LIBRE Initiative, released the following statement:
“Free trade means more growth domestically, more opportunities abroad, and lower priced goods for American families. The current TPA proposal mandates a 60-day review period, with ample opportunity for public feedback and Congressional debate about the merits of any deal. That is to say that Congress has the final word in approving any trade deal. American workers need fair access to those markets and TPA will better empower the president to negotiate trade pacts that will benefit workers, farmers, ranchers and families. Latino workers and consumers stand to gain as much as anyone. The current divide between the President and members of his own party on the issue is putting the proposal at risk. Congress should put the Interest of the American people first – that’s the bottom line. And that means supporting proposals that increase Free Trade .”