NEMA hails final passage of trade promotion authority.
Press Release Summary:
NEMA welcomed final passage by the U.S. Senate of the Bipartisan Congressional Trade Priorities and Accountability Act of 2015, which sets market-opening objectives for U.S. international trade negotiations and establishes a transparent process for Congress to advise on and consider implementation of any trade agreements negotiated by July 1, 2018. Following 60-38 vote, the act now goes to President Barack Obama for his signature.
Original Press Release:
NEMA Hails Final Passage of Trade Promotion Authority
ROSSLYN, VA, —The National Electrical Manufacturers Association (NEMA) today welcomed final passage by the U.S. Senate of the Bipartisan Congressional Trade Priorities and Accountability Act of 2015 (TPA-2015), which sets market-opening objectives for U.S. international trade negotiations and establishes a transparent process for Congress to advise on and consider implementation of any trade agreements negotiated by July 1, 2018. Following the 60-38 vote, the act now goes to President Barack Obama for his signature.
“A majority of Senators made an important choice today in voting for Trade Promotion Authority,” said NEMA President and CEO Kevin J. Cosgriff. “We trust that the president will use the negotiating objectives and processes that Congress has set to strike trade agreements that open foreign markets for our member companies. We will continue to consult with U.S. officials and Congress on the pending trade negotiations to achieve maximum market access gains for our industry.”
TPA-2015 passed the House on June 18 by a vote of 218-208. TPA-2015 establishes a framework under which members of Congress continually advise the administration on how to achieve the negotiating objectives and provides for timely consideration of implementing legislation with an up-or-down vote without amendments.
Current trade negotiations that would be covered by TPA-2015, if concluded by mid-2018, are the Trans-Pacific Partnership (also known as TPP) of 12 nations in North America, South America and the Asia-Pacific; the Trans-Atlantic Trade and Investment Partnership (also known as TTIP) between the U.S. and European Union; and the World Trade Organization Environmental Goods Agreement.
NEMA represents nearly 400 electrical, medical imaging, and radiation therapy manufacturers. Our combined industries account for more than 400,000 American jobs and more than 7,000 facilities across the U.S. Domestic production exceeds $117 billion per year. Our industry is at the forefront on electrical safety, reliability, resilience, efficiency, and energy security.
National Electrical Manufacturers Association
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