For Immediate Release
April 16, 2015
Press Contact: Hilary Sama
Phone: +1 202 828 9102
With TPA Legislation Introduced, TABC Looks to Continued Progress on TTIP Negotiations
Washington, DC – Legislation to renew Trade Promotion Authority (TPA) was introduced on the floor of the U.S. House of Representatives today. The U.S. Trade Representative declared that “with Trade Promotion Authority, the United States will be able to pursue 21st century trade agreements that support and create U.S. jobs while helping American manufacturers, service providers, farmers and ranchers increase U.S. exports and compete in a highly competitive, globalized economy.”
TPA would facilitate the legislative passage of major trade agreements currently being negotiated, once they reach that stage. These agreements are the Trans-Pacific Partnership (TPP), the Transatlantic Trade and Investment Partnership (TTIP), and the Trade in Services Agreement (TISA).
“TPA is crucial for creating greater certainty for the negotiating partners and will hopefully be a stimulus for moving full speed ahead with TTIP negotiations,” says Tim Bennett, Director-General/CEO of Trans-Atlantic Business Council.
The Trans-Atlantic Business Council (TABC) is a cross-sectoral business association representing global companies headquartered in the U.S. and EU. TABC works with companies across multiple sectors and policy levels, including the strategic level with the Trans-Atlantic Business Dialogue (TABD), a program which brings together C-suite executives and high level government officials. TABC stand out as the only transatlantic business organization uniquely placed to provide one voice for EU and U.S. companies in the Transatlantic Trade and Investment Partnership (TTIP).