National Electrical Manufacturers Association (NEMA) welcomed introduction today by Senate Finance Committee Chairman Max Baucus (D-MT), Ranking Member Orrin Hatch (R-UT), and House Ways and Means Committee Chairman David Camp (R-MI) of legislation to set objectives for U.S. bilateral, regional, and plurilateral trade negotiations as well as provide for privileged and expedited consideration of future legislation to implement covered trade agreements and achieve those objectives. Known as Trade Promotion Authority (TPA), or “fast-track,” the congressional approval of such legislation is critical to ongoing and future negotiations to open foreign markets to U.S. electrical and medical imaging equipment manufacturers and associated service providers.
“The Obama administration is negotiating on our behalf to open major markets in Europe and Asia and I commend Chairmen Baucus and Camp and Ranking Member Hatch for introducing legislation that can make such deals happen,” said
NEMA President and CEO Evan R. Gaddis. “We look forward to working with Senators Baucus and Hatch, Representative Camp, and many of their colleagues to move this bill forward to passage as soon as possible,” he added.
The Bipartisan Congressional Trade Priorities Act of 2014 would set objectives for U.S. trade negotiators to meet in potential market-opening agreements with the European Union and the eleven members of the Trans-Pacific Partnership, as well as international talks on opening trade in services and any additional negotiations launched during the next four years. The legislation also puts in place procedures for consultation between the administration and Congress before, during, and after negotiations on any trade agreement are concluded. Based on this close collaboration, legislation submitted by the administration to implement a trade agreement would not be subject to amendment in the House or Senate and must be given an up-or-down vote.
NEMA is a member of the Trade Benefits America coalition, a broad-based business alliance supporting passage of TPA legislation.
The National Electrical Manufacturers Association (NEMA) represents nearly 400 electrical, medical imaging, and radiation therapy manufacturers at the forefront of electrical safety, reliability, resilience, efficiency, and energy security. Our combined industries account for more than 400,000 American jobs and more than 7,000 facilities across the United States. Domestic production exceeds $117 billion per year.