Member access

4-Traders Homepage  >  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 | 05:14pm 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
Latest news
Date Title
<1m ago MOLEX : Wins Chicago Innovation Award for its Contribution to the Ground-breaking DOW POWERHOUSE™ Solar Shingles
<1m ago MOLEX : Highlights Brad® MX-PLT™ M12 Cordsets at PACK EXPO
<1m ago FINANCE & CREDIT BANK JSC : AVERS international money transfer system accounts for over 60% of all inbound cross-border money transfers to Ukraine
<1m ago UN HABITAT UNITED NATIONS HUMAN SETTLEMENTS PROG : Enterprise Risk Management (ERM) Consultant,(Nairobi), Deadline:6 November 2014
<1m ago MINISTRY OF PETROLEUM AND NATURAL GAS OF REPUB : Constitution of Steering Committee for successful implementation of “Make in India” campaign in the Oil and Gas Industry.
<1m ago MAPLETREE INDUSTRIAL : Payment of Manager's Base Fee By Way of Issue of Units in Mapletree Industrial Trust
<1m ago KAZAKHMYS : Completion of Restructuring and change of name
<1m ago TRANSNEFT' AK : Mikhail Vitalievich Margelov was appointed Vice President of Transneft, JSC
<1m ago Aon tops Street 3Q forecasts
2m ago EXELIS : misses Street 3Q forecasts
Latest news
Hot News 
1SPATIAL : Interim Results for the six month period ended 31 July 2014
ULS TECHNOLOGY : Plunges As Improved Results Still Won't Meet Forecasts
COMS : Widens Loss On Restructuring, Acquisitions And Increased Costs
DEUTSCHE LUFTHANSA : Lufthansa cuts 2015 forecast on global economic slowdown
MASTERCARD : Partners CrescentRating to Develop Global Muslim Travel Index
Most Read News
1d ago CHINA MENGNIU DAIRY : Mengniu and Danone Strengthen Strategic Alliance as Danone Subscribes to a Private Placement by Yashili
1d ago ENERGEN : tops Street 3Q forecasts
24m ago BNP shakes off impact of U.S. fine, returns to profit
1d ago FLUOR NEW : ICA Fluor Awarded Fabrication Contract for Shell’s Heavy Oil Extraction Project in Canada
1d ago Hiring business drives LinkedIn's revenue beat
Most recommended articles
3m ago Regus forecasts capex below estimates, eases fears over debt
14m ago Japan's central bank shocks markets with more easing as inflation slows
14m ago Euro zone inflation slightly higher in October
15m ago SuperGroup says no discounts as warm weather hits profit outlook
16m ago BOJ cuts GDP forecast and trims price outlook
Dynamic quotes