Word From the President
May 2012

Congress missed an important opportunity several weeks ago. In the process, it struck a significant blow against American exports and demonstrated how dysfunctional it has become. This is about reauthorizing the Export-Import Bank, whose current authorization expires this summer and which, as a practical matter, will bump up against its lending cap sooner than that and have to shut down anyway.

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NFTC Continues to Advocate PNTR for Russia


The NFTC continues meetings with Members of Congress and their staffs urging support for Permanent Normal Trade Relations (PNTR) with Russia, as congressional attention to the issue has increased. Senator Baucus, who held a hearing on PNTR in mid-March, strongly supports the measure.

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2012 World Trade Dinner and Award Ceremony, Scheduled for October 3rd
 
 
Clear your calendars . . .take an evening off from campaign news . . . and plan an elegant night of fun, camaraderie and networking with friends, colleagues and business associates. The NFTC Foundation’s Annual World Trade Dinner and Award Ceremony will take place on Wednesday, October 3, 2012. The dinner is a black tie event and the venue is the elegant and historic Organization of American States...

 
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NFTC Supports Permanent Normal Trade Relations with Russia

 
NFTC strongly supports congressional approval of Permanent Normal Trade Relations (PNTR) with Russia. Russian membership in the World Trade Organization (WTO) has been approved and will become official this summer. Many NFTC member companies currently do business in Russia and PNTR will create major new opportunities for expansion.
 
Extending PNTR to Russia requires its exemption from a Cold War statute, the Jackson-Vanik amendment to the Trade Act of 1974. This measure denied normal trade relations – most-favored-nation status – until the Soviet Union liberalized its immigration policy for Jewish citizens of the USSR.

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The Hill Features NFTC in "Top 10 Lobbying Victories Of 2011  
 
On December 14, 2011, The Hill featured the NFTC in "Top 10 Lobbying Victories of 2011" for the Council's work in securing Congressional approval of the free trade agreements with Colombia, Panama and South Korea. Here's an excerpt from the article:


Caterpillar, NFTC, U.S. Chamber of Commerce...Trade agreements with Colombia, Panama and South Korea were finally approved in 2011, after more than five years of haggling.

It took a coordinated lobbying push by multinational companies like Caterpillar and trade groups like the NFTC and the Chamber to court a new House GOP freshman class and prod the White House into supporting all three deals.

They overcame strident opposition from labor unions to secure con-gressional approval for the trade agreements, which were first negotiated in 2006 and 2007.

Click here to read the full article.