Trade Promotion Authority is Critical
Over 12 million American jobs depend on exports, and with the renewal of TPA, valuable free trade agreements such as the Trans-Pacific Partnership can move forward. Under TPP, the U.S. beef industry could see the elimination of tariff and non-tariff trade barriers that hinder the industry’s ability to meet free market demand for beef in the Pacific Rim.
NCBA President Bob McCan talks about the importance of Trade Promotion Authority in negotiating the current round of free trade talks.
McCan: “At NCBA, we feel that the renewal of the Trade Promotion Authority is something that could really helps us in this country in being able to negotiate these trade agreements with a good assurance that Congress will give the final agreement an up or down vote and not have to spend a lot of time chewing the agreement up — so to speak. We’d really like to see these trade pacts kinda move along as quickly as possible. For a lot of different reason; there are a lot of competitors around the world that are actively trying to negotiate trade agreements with the many consumer markets around the world that we compete with. The United States has to take a similar aggressive approach to be able to secure these Free Trade Agreements or else we will lose market share.”