Statement Regarding Introduction of Bipartisan TPA Legislation
Following the bill's introduction, AFIA's President and CEO, Joel G. Newman, stated:
"AFIA fully supports renewed TPA as called for in the legislation introduced today, which will open doors to new markets for the feed industry [and agriculture as a whole], and enhance economic growth and jobs here in the U.S. Trade is consistently growing. In 2014 alone, the U.S. exported more than $10 billion worth of feed, feed ingredients and pet food, and we recognize the exceptional room for growth and the impact this legislation could have.
"Thanks to Sens. Orrin Hatch (R-Utah) and Ron Wyden (D-Ore.), and Congressman Paul Ryan's (R-Wis.) efforts, our industry will have the potential to sell more high quality, American-manufactured feed, feed ingredients and pet food to foreign markets. As we look to the future, the U.S. animal food industry recognizes trade is a large part of the big picture.
"Removal of trade barriers and enforcement of trade rules requires the support of the administration. TPA is essential to ensuring the U.S. receives the best possible outcomes in trade agreements, and AFIA strongly encourages Congress, as well as the president, to work together for an efficient and beneficial outcome. It is important to remember however, even though TPA is an important piece of the puzzle, it is not the only piece. This legislation's timing is significant as the U.S. pursues trade agreements such as the Trans-Pacific Partnership and the Transatlantic Trade and Investment Partnership.
"While AFIA applauds the introduction of this bill, Congress needs to act swiftly to enact TPA. Without TPA, United States negotiators will lack authority and have limited ability and leverage when negotiating free trade agreements."
The TPA legislation introduced today includes significant improvements to the 2002 TPA law in areas such as non-tariff barriers to U.S. goods and services, digital commerce, restrictions on cross-border data flows, fair competition with state-owned enterprises, labor and environmental standards, and enhanced procedures to ensure Congressional oversight and public input on U.S. trade negotiations.