(Gary Trultt – Hoosier Ag Today)
The long awaited Trade Promotion Authority legislation, which will lead to several major trade deals for US agriculture, is expected to be introduced in the Senate this week. Senate Finance Committee leaders Orrin Hatch and Ron Wyden appear poised to introduce a “fast track” trade promotion authority bill along with House Ways and Means Committee Chairman Paul Ryan.
The measure would allow President Barack Obama to submit free trade agreements to Congress for straight up or down votes without any amendments. It’s seen as key to completing the signature 12-country trade deal known as the Trans-Pacific Partnership pact.
Dave Warner, with the National Pork Producers Council, says quick action on this bill will help lead to quick action on some key trade deals that will benefit US agriculture, “Senate action will show other nations that we are serious about a trade deal and will prompt them to bring their best offer to the table.” Warner said the Trans Pacific Partnership (TPP) trade deal, for example, would be a major benefit to US ag exports and will only become reality if TPA is passed. Click here to read more.