Trade Promotion Authority

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WHAT’S AT STAKE »
Manufacturers know TPA is vital to growth

The more than 265,000 manufacturers in the United States and their more than 12 million employees need TPA and new trade agreements to reach the 95 percent of consumers who live outside our borders.

More than 6 million U.S. manufacturing jobs depend on exports, and those jobs pay, on average, 18 percent more than other jobs.

The United States enjoys a $55 billion manufacturing trade surplus with its 20 existing trade agreement partners.


LATEST NEWS FROM NAM »

Manufacturers Commend Senate’s Leadership on Trade Bill

“Once President Obama has signed this critical legislation into law, the U.S. can regain its leadership role and move forward aggressively to open markets and expand global opportunities.”

Joint Statement from NAM President and CEO Jay Timmons and NAM Vice Chair of International Economic Affairs Policy and Emerson Chairman and CEO David Farr, June 24, 2015

 

Timmons' on CNBC Squawk Box

 

What You Need to Know

"The vast bulk of the trade affected by the deal would be with high-wage, high-labor-standard countries such as Japan, Australia and Canada. If approved, the TPP would fortify a U.S.-Japan strategic relationship that is vital to checking undue Chinese influence in Asia."

This is an excerpt from “Senate’s trade vote was a victory for truth” in The Washington Post, originally published on May 23, 2015.


“Trade agreements reduce barriers to U.S. companies selling their products overseas, where 95 percent of the world's consumers live. Exports supported nearly 10 million U.S. jobs in 2012, and one in four manufacturing jobs, according to the U.S. Commerce Department. Growth in exports have created 1.3 million American jobs since 2009, and those jobs pay higher than average wages.”

This is an excerpt from “Bolster president's trade power: Editorial” in The Orlando Sentinel originally published on May 17, 2015.


"A well-constructed trade agreement can be an overall benefit to the U.S. economy as long as proper worker and environmental safeguards are in place. The Obama administration contends that is the case with the Trans-Pacific Partnership, a deal U.S. trade negotiators hope to reach with 11 countries later this year.

This is an excerpt from “Senate wise to move ahead on fast-track trade authority: editorial” on cleveland.com, originally published on May 16, 2015.


“Overall, the U.S. does more than $1.6 trillion a year in trade with the other 11 TPP countries. While we have limited free trade agreements with six countries, we don’t with Japan, our largest trading partner without one, or with fast-growing Malaysia and Vietnam. With the region driving the global economy, Obama sees this deal as part of his strategic “pivot” to Asia to counterbalance China.”

This is an excerpt from “Give Asia-Pacific trade deal a chance” in The Sacramento Bee originally published on May 16, 2015.


“Why support trade promotion authority? So the Obama administration can conclude the Trans-Pacific Partnership negotiations, among other trade deals. The TPP promises to boost some of Iowa's biggest employers — such as Deere & Co., Vermeer Corp. and the Principal Financial Group, said Sen. Chuck Grassley, who joined with fellow Republican Joni Ernst in supporting fast track. It will also open new, fast-growing markets for Iowa farmers. And the U.S. involvement could check the expanding power of China in the Pacific.”

This is an excerpt from “The Register's Editorial: Don't derail trade deals over misconceptions” in The Des Moines Register originally published on May 13, 2015. 

High-standard, comprehensive and market-opening trade agreements that level the playing field help to grow manufacturing exports and sales around the world and improve the global competitiveness of manufacturers in the United States. Read More ›

Trading Up With TPA CoverManufacturers Need New Trade Agreements for Jobs, Growth and Competitiveness

Manufacturers need Trade Promotion Authority (TPA) and new high-standard trade agreements to access large and growing overseas markets, reduce barriers and level the playing field abroad, and support good-paying jobs for America's workforce. Read More ›

Trade agreements negotiated under TPA level the playing field by reducing and eliminating barriers. A vote for TPA is a vote for American manufacturing—and for the American economy. Read More ›

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