House passes TPA Act
* The importance of maintaining U.S. leaderhip in the global trade community is recognized.
The House of Representatives last month narrowly passed H.R. 3005, the Bipartisan Trade Promotion Authority Act of 2001, by a margin of one vote (215-214).
The measure will next move to the Senate, where Finance Committee Chairman Max Baucus (D-Mont.) has promised action on trade promotion authority (TPA) in his committee.
The International Dairy Foods Association (IDFA) and its constituent associations, along with many other food and agriculture groups, have long supported TPA legislation, previously known as “fast track.”
“IDFA is delighted that the House recognized the importance of TPA in maintaining U.S. leadership in the global trade community,” says Janet Nuzum, IDFA vice president and general counsel. “We hope the Senate will take quick action to pass this valuable legislation.”
President Bush considers TPA a key component in his ambitious trade agenda, which received a boost in November with the successful launch of the World Trade Organization (WTO) negotiating round in Doha, Qatar. TPA would restore the president’s trade negotiating authority for a wide range of goods and services including agriculture.
“IDFA and its constituent organizations hope the next round of WTO negotiations will substantially reduce or eliminate export subsidies on dairy products and improve access to various markets. The WTO meeting in Doha was an important step toward these goals. TPA is now needed to improve our chances for success,” Nuzum notes.
Copyright Stagnito Publishing Jan 2002
Provided by ProQuest Information and Learning Company. All rights Reserved