NCTO APPLAUDS SENATE PASSAGE OF TRADE PROMOTION AUTHORITY
For Immediate Release
June 25, 2015
The National Council of Textile Organizations (NCTO) applauds Senate passage of legislation to renew Trade Promotion Authority (TPA). TPA establishes congressional negotiating objectives and institutes parameters associated with the final congressional review of international trade agreements. Additionally, TPA formalizes consultation mechanisms between Congress and the Executive Branch on trade agreements as they are being negotiated.
“TPA is a vital part of overall U.S. trade policy which seeks to ensure strong and rational international trade agreements that fully incorporate the interests of American textile workers and the middle class,” stated NCTO President Augustine Tantillo. “We want to thank those members of Congress who supported the passage of Trade Promotion Authority. These members are helping to make certain that they have direct and meaningful input into trade negotiations, ensuring that these agreements help to boost American exports, create jobs, and strengthen the U.S. economy.”
The Senate’s action, coupled with House passage of the bill last week, sends the bill to the President’s desk to be signed into law. As TPA becomes finalized, NCTO looks forward to continued collaboration with both the Executive Branch and Congress to develop trade agreements that fully represent the interests of U.S. textile manufacturers, which employ 499,500 workers nationwide.
Contact: Eliza Levy