House Must Pass Trade Promotion Authority | Commentary

By Bill Archer; Bill Thomas; Jim Mccrery; Dave Camp | Roll Call, June 10, 2015 | Go to article overview

House Must Pass Trade Promotion Authority | Commentary


Bill Archer; Bill Thomas; Jim Mccrery; Dave Camp, Roll Call


House Must Pass Trade Promotion Authority | Commentary

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* By Bill Archer, Bill Thomas, Jim McCrery and Dave Camp

* June 10, 2015, 2:11 p.m.

As former chairmen and ranking members of the House Ways and Means Committee, each of us has been part of extensive trade negotiations. None of us has ever seen Trade Promotion Authority legislation as robust and transparent as the one before Congress today. We urge our former colleagues to support TPA when it is considered in the House and deliver a win for American workers and the national economy.

Benefits of Trade

American workers benefit when the United States has strong international trade agreements. More than 11.7 million U.S. jobs were tied to trade in 2014 - an increase of 1.8 million jobs in 5 years. But we are far from realizing the full potential trade represents for U.S. jobs and production: 96 percent of the world's consumers live outside of the United States and we only have 14 free trade agreements in place with 20 nations. To boost exports of American goods and support American jobs and production, we need strong trade agreements that reduce foreign tariffs and other trade barriers.

Why We Need TPA

The United States is working to further expand and improve free trade through two major efforts: the Trans-Pacific Partnership and the Transatlantic Trade and Investment Partnership. The TPP would facilitate U.S. exports to 11 countries around the Pacific Rim. The T-TIP would further improve the already-strong trading relationship between the United States and the European Union - the two largest economies in the world - by lowering tariffs, strengthening intellectual property protections and facilitating cross-border investment.

Together, the countries involved in these two trade negotiations represent 60 percent of all U. …

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