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Trade Promotion Authority Has Been Extended Until July 1, 2007

On March 30, 2005, President Bush submitted to Congress a request for the extension of trade promotion authority (TPA) procedures for an additional two years, until July 1, 2007.

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(TPA provides a framework for Executive-Congressional cooperation in trade negotiations, including a streamlined mechanism for Congressional consideration of trade agreements.)

Neither House nor Senate disapproved 2-year extension of TPA. Congressional sources have confirmed that as neither the House of Representatives nor the Senate adopted resolutions disapproving the extension of TPA before July 1, 2005, TPA has been extended until July 1, 2007.

(According to the Trade Act of 2002 (Act), TPA procedures apply to the implementing legislation for qualifying trade agreements that are entered into before July 1, 2005. The Act also provides for a two-year extension of TPA procedures (i.e., for implementing legislation submitted with respect to qualifying trade agreements entered into after June 30, 2005 and before July 1, 2007) if: (a) the President requests such an extension; and (b) neither House of Congress adopts an extension disapproval resolution before July 1, 2005.)

(See ITT's Online Archives or 04/06/05 news, 05040620, for previous BP summary on the extension of TPA.)

USTR press release on extension of TPA (dated 07/01/05) available at

http://www.ustr.gov/Document_Library/Press_Releases/2005/July/Statement_of_USTR_Rob_Portman_Regarding_Today's_Extension_of_Trade_Promotion_Authority_the_U.S._Trade_Agenda.html.