President Urges Congress to Advance Pending FTAs
During a June 29, 2011 press conference, the President called on Congress to advance the pending free trade agreements as a way to help create jobs. The President stated that he thinks the FTAs are important and should be passed in order to “allow American businesses to sell more of their goods and services to countries in Asia and South America - agreements that would support tens of thousands of American jobs while helping those adversely affected by trade.”
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(On June 30, 2011, the Senate Finance Committee will be holding a “mock” mark-up of the draft implementing bills for the South Korea, Colombia, and Panama Free Trade Agreements, that include retroactive renewal of the Generalized System of Preferences (GSP), Andean Trade Preferences Act (ATPA)/Andean Trade Promotion and Drug Eradication Act (ATPDEA), and Trade Adjustment Assistance (TAA). See ITT’s Online Archives or 06/29/11 news, 11062914, for BP summary.)