ANALYSIS
AmChams Want Renewal
of U.S. Presidential Trade
Promotion Authority
The U.S. Senate is about to
take a stance on renewing
Presidential Trade Promotion
Authority (TPA), which is
necessary for a U.S. President
to negotiate trade agreements such as the Transatlantic Trade and Investment
Partnership (TTIP). A Senate
move on renewal is expected in early May and will be
followed shortly thereafter
by a decision in the House of
Representatives.
While every U.S. President
since Franklin D. Roosevelt
has had TPA, AmChams
in Europe wrote to all 535
members of the U.S. Congress to urge them to renew
it for President Obama. The
letter demonstrates how
TPA is vital to the United
States, to U.S. global leadership and to our member organizations, because it
enables the United States to expand global trade via
new trade agreements. Perhaps most critically for our
region, the United States is negotiating the TTIP with
the European Union and its 28 member states right
now. Congressional failure to renew TPA would derail
this landmark opportunity.
The TTIP will bring hundreds of billions of dollars to
the United States and to its European allies, allies that
share its commitme