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 LeadersVideosCalendar 

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
02:16p GRAMERCY PROPERTY : Announces Acquisition of a $26.1 Million Distribution Facility in Philadelphia, PA
02:16p BRUNSWICK : Mercury Marine to release new Flo-Torq propeller hub system
02:16p BRUNSWICK : Quicksilver Powersports Lubricants Partners With Andy Lally for Tudor and Nationwide Races
02:16p New Construction Disappoints in Second Quarter
02:16p IDI : SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders of IDI, Inc. of Pendency of Class Action Lawsuit and a Lead Plaintiff Deadline of September 21, 2015 -- IDI
02:16p Harper Government Invests in Improvements to the Rural Municipality of Macdonald's Community Infrastructure
02:15p REGENCY CENTERS : Announces Enhancement of Gateway Shopping Center in Bustling Philadelphia Market
02:15p GRAMMER : Vorläufige Zahlen für das erste Halbjahr 2015 veröffentlicht (DGAP Adhoc)
02:15p GRAMMER : Preliminary figures for the first half 2015 published (DGAP Adhoc)
02:15p WEC ENERGY : Trillium CNG : Inks Deal With Niagara Frontier Transportation Authority
Latest news
Advertisement
Hot News 
ARCH COAL : Announces Receipt of Requisite Consent for 2020 Exchange Offer and Extension of Private Debt Exchange Offers
ACCESSO TECHNOLOGY : *numis raises accesso technology price target to 910 (730) pence - 'buy'
HELLERMANNTYTON : Surges Higher On Delphi Automotive Takeover
XCHANGING : CEO Succession
CHIME COMMUNICATIONS : Set To Be Acquired By WPP And Providence
Most Read News
12:17a Patent Issued for Organic Light Emitting Diode Display and Method for Manufacturing the Same
07/29 Patent Issued for Canceling Narrowband Interfering Signals in a Distributed Antenna System
07/29 Patent Issued for Projection Display Apparatus and Control Method Therefor
07/29 BOEING MAY MOVE WORK ABROAD WITH EX-IM FUTURE UNCERTAIN : chairman
07/29 Patent Issued for Receiver Circuit
Most recommended articles
02:14pDJMexico's Alfa Still Keen on Energy Sector
02:12pDJAs Greek Deal Settled, Top European Politician Was Absent
02:10pDJSuncor CEO Sees Acquisitions as More Attractive
02:09p CONOCOPHILLIPS : has cut 5 percent of workforce, more to come: CFO
02:06p L'Oreal says sales growth to accelerate in H2