– The National Foreign Trade Council (NFTC) today applauded the Obama Administration for submitting implementing legislation for the free trade agreements (FTAs) with Colombia, Korea and Panama, and urged Congress to ratify the agreements without delay. NFTC President Bill Reinsch and Vice President for Regional Trade Issues Chuck Dittrich released the following statement:
"With all three agreements inked more than four years ago, we welcome the Administration's submission of the trade agreements to Congress for approval," said NFTC President Bill Reinsch. "These agreements are critical to boosting the U.S. economy, creating and supporting jobs, and the President's submission today signals the Administration's commitment to seeing them all approved. The NFTC urges Congress to approve these agreements as soon as possible in the next couple of weeks as means to stimulate the U.S. economy, increase exports and create more American jobs."
"With other countries, like Canada, the European Union and others, entering into trade agreements with these countries, the United States is losing critical market share. It's time to turn that situation around," said NFTC Vice President for Regional Trade Issues Chuck Dittrich. "Today's announcement brings us one step closer to ensuring that the U.S. remains competitive and maintains market share in these growing, dynamic economies."
"Great progress has been made on the U.S. trade agenda in recent weeks. We encourage Congress to keep up the momentum and pass the FTAs and renew the Trade Adjustment Assistance program, the Generalized System of Preferences and the Andean trade preferences without further delay," Reinsch concluded.
About the NFTC
Advancing Global Commerce for Nearly A Century- The National Foreign Trade Council (www.nftc.org) is a leading business organization advocating an open, rules-based global trading system. Founded in 1914 by a broad-based group of American companies, the NFTC now serves hundreds of member companies through its offices in Washington and New York.
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