Log in
Login
Password
Remember
Lost password
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  News

News

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesHot NewsMost Read NewsRecomm.Business LeadersCalendar 

U.S. Senate Committee on Finance : Baucus: U.S.-EU Trade Agreement Has Potential For Huge Job and Export Boost

10/30/2013 | 04:14pm US/Eastern
Baucus: U.S.-EU Trade Agreement Has Potential For Huge Job and Export Boost

Finance Chairman Also Pushes for Congress to Act on Trade Promotion Authority, Trade Adjustment Assistance

WASHINGTON -At a Senate Finance Committee hearing today, Chairman Max Baucus (D-Mont.) said the Transatlantic Trade and Investment Partnership (TTIP) between the United States and European Union could yield huge economic benefits and create thousands of jobs across the country.  He also highlighted the importance of passing Trade Promotion Authority (TPA) to help the talks move forward.

"Every day, the U.S. and EU trade $2.7 billion in goods and services. We have invested nearly $4 trillion in each other's economies. Seizing this opportunity for a new trade agreement would make that relationship even stronger," Senator Baucus said.  "This is all about jobs.  This new trade agreement could add more than one hundred billion dollars annually to our economy, and it could support hundreds of thousands of new jobs right here in the U.S.  We cannot pass that up."

Senator Baucus said that an expansive deal that addresses numerous trade barriers could bring greater benefits to both economies.  He identified the EU's unscientific restrictions on U.S. agricultural exports, including beef and poultry, as one such barrier.  Senator Baucus raised that issue with EU leaders while in Europe last year, pushing them to accept sound science and drop the restrictions.

Senator Baucus also emphasized the need for Congress to pass Trade Promotion Authority and Trade Adjustment Assistance in order to help ensure the nation's trade agenda, including TTIP and the Trans-Pacific Partnership, is a success.

"Congress needs to be a full partner in the development and execution of this agenda, and the best way to do that is to pass Trade Promotion Authority and Trade Adjustment Assistance - and to do it soon," Senator Baucus said.

###

distributed by
React to this article
Latest news
Date Title
02:49a Q FREE ASA : -free - minutes extraordinary general meeting 9 february 2016
02:49a SOCO : *exane bnp cuts soco international target to 125 (147) pence - 'underperform'
02:48aDJActivists Make Peace With AIG
02:48aDJGLAXOSMITHKLINE : Fined GBP37.61 Million for Paying off Competitors
02:48aDJKellogg Sees Gains In Cereal Sales
02:48a WESTERN BULK ASA : New name and new ticker from 12 February 2016
02:48aDJPepsiCo Enjoys Surge In Earnings
02:48aDJTotal's Hefty Loss Adds To Oil Carnage
02:48aDJCommodities Slump Batters Rio Tinto
02:47a OXFORD INSTRUMENTS : Appoints Synergy Health's Hill As Finance Director
Latest news
Advertisement
Hot News 
IMPERIAL TOBACCO : boosted by increase in tobacco prices
INVACARE : Announces Financial Results for 2015
Kellogg Sees Gains In Cereal Sales
Boeing Shares Fall on Accounting Probe Report -- 2nd Update
OXFORD INSTRUMENTS : Appointment of Group Finance Director
Most Read News
02/11DJMoney Is Getting Tighter Faster Than Fed Intended
02/11 UTAH FARM BUREAU : President Obama’s Budget Cuts 27 USDA Programs, Would Harm Farm and Ranch Families
02/11 DEPARTMENT OF INFRASTRUCTURE AND REGIONAL DEVELOPM : Major expansion approved for Gold Coast Airport
02/11 Hughes Watters Askanase Office Relocation to Total Plaza in December 2015 Caps Off Eventful Business Year, Positions Firm for Growth
02/11 ROBBINS ARROYO LLP : Is Investigating the Officers and Directors of Inovalon Holdings, Inc. (INOV) on Behalf of Shareholders
Most recommended articles
02:48aDJActivists Make Peace With AIG
02:48aDJGLAXOSMITHKLINE : Fined GBP37.61 Million for Paying off Competitors
02:48aDJKellogg Sees Gains In Cereal Sales
02:48aDJPepsiCo Enjoys Surge In Earnings
02:48aDJTotal's Hefty Loss Adds To Oil Carnage