New York, N.Y., January 20, 2015 – The United States Council for International Business (USCIB) welcomed President Obama’s commitment to a pro-trade agenda and specifically to Trade Promotion Authority (TPA) in his State of the Union address to Congress this evening. USCIB said its member companies look forward to working with the Administration and the Congress on a bipartisan effort to advance America’s national interests in this key area.
TPA will give the president the necessary authority to negotiate strong U.S. trade agreements, making it easier for the United States to close deals to benefit American workers and companies, and then move trade agreements to Congress for their review and approval.
“Trade is an important tax-free engine for U.S. economic growth and jobs,” said USCIB President and CEO Peter Robinson. “TPA will provide a boost to U.S.-led efforts to open international markets and eliminate trade barriers.”
Robinson continued: “Ambassador Michael Froman and his skilled team of negotiators should not have to negotiate with one hand tied behind their back. The business community is encouraged that the president has committed to move forward on an aggressive trade agenda that will enhance America’s competitiveness, economic growth, and jobs.”
Last week USCIB sent a letter to President Obama urging him to highlight his administration’s trade agenda and to call for passage of TPA. The letter emphasized that a strong, coordinated push from the administration, Congress and the business community is needed to get TPA over the finish line.
USCIB also praised the work being done by the United States Trade Representative Ambassador Froman, leading the charge on TPA and the trade negotiations under way including the Trans-Pacific Partnership with Pacific-Rim countries, the Trans-Atlantic Trade and Investment Partnership with the European Union and the Trade in Services Agreement.
A strong advocate for international trade and investment at home and around the world, USCIB is a member of the Trade Benefits America Coalition steering committee, an organization of American companies and business associations dedicated to getting the facts out about the benefits of TPA and U.S. trade agreements. International trade already supports over 38 million American jobs and TPA can help raise that number even higher.
USCIB promotes open markets, competitiveness and innovation, sustainable development and corporate responsibility, supported by international engagement and regulatory coherence. Its members include U.S.-based global companies and professional services firms from every sector of our economy, with operations in every region of the world. With a unique global network encompassing leading international business organizations, USCIB provides business views to policy makers and regulatory authorities worldwide, and works to facilitate international trade and investment. More at www.uscib.org.
Jonathan Huneke, USCIB
+1 212.703.5043, email@example.com