AS/COA Welcomes Passage of TPA and Opportunity to Reenergize Hemispheric Trade
AS/COA Welcomes Passage of TPA and Opportunity to Reenergize Hemispheric Trade
Upon final passage by the Senate, Trade Promotion Authority will facilitate the prompt conclusion of the Trans-Pacific Partnership.
Washington D.C., June 18, 2015 — Americas Society and Council of the Americas commend the U.S. House of Representatives for passing Trade Promotion Authority (TPA) today. Upon final passage by the Senate, TPA will facilitate the prompt conclusion of the 12-nation Trans-Pacific Partnership (TPP).
In addition to the United States, TPP includes four countries from the Western Hemisphere—Canada, Mexico, Peru, and Chile. This agreement promises to advance hemispheric trade expansion and upgrade existing free-trade pacts with a high-standards approach, for which the Council of the Americas Trade Advisory Group has long advocated.
"More than a decade ago, Congress passed Trade Promotion Authority and one result was an expanded network of U.S. trade agreements spanning the Western Hemisphere, from the Arctic Circle to Cape Horn. Today's vote opens the exciting possibility of integrating economies in the Western Hemisphere with those across the Pacific. We congratulate the president and Congress on this vote, and look forward to promoting a new era of economic integration and growth," said IBM’s Vice President of Government and Regulatory Affairs and Co-Chair of COA’s Trade Advisory Group Christopher Padilla.
The United States has taken a firm, bipartisan stand regarding renewed global leadership on trade, and AS/COA looks forward to working closely with the administration and Congress to strengthen opportunities for trade expansion in the Americas.
To speak with our experts on this topic, please contact:
Adriana La Rotta at alarotta@as-coa.org or 212-277-8384.
Kariela Almonte at kalmonte@as-coa.org or 212 277-8333.
Americas Society (AS) is the premier organization dedicated to education, debate and dialogue in the Americas. Established by David Rockefeller in 1965, our mission is to foster an understanding of the contemporary political, social and economic issues confronting Latin America, the Caribbean, and Canada, and to increase public awareness and appreciation of the diverse cultural heritage of the Americas and the importance of the inter-American relationship.
Council of the Americas (COA) is the premier international business organization whose members share a common commitment to economic and social development, open markets, the rule of law, and democracy throughout the Western Hemisphere.
The Council of the Americas Trade Advisory Group consists of representatives from Council members and invited experts who educate and advocate on behalf of open markets and trade facilitation in the Americas. Group members share international trade experience and a common commitment to trade policy as a tool for economic development.
