USCIB Pushes Back Against TPA Critics
Trade Promotion Authority (TPA) approval is critical for making progress on the Trans-Pacific Partnership and Transatlantic Trade and Investment Partnership negotiations, said Peter Robinson, CEO of the US Council of International Business (USCIB) in a speech to the International Trade Association of Greater Chicago. Senate Finance Committee leadership and House Ways and Means Chairman Dave Camp, R-Mich., introduced TPA legislation on Jan. 9 (see 14011013).
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Robinson also responded to a number of criticisms that have been voiced about TPA. "Trade critics like to say that TPA is unconstitutional and amounts to Congress giving away its constitutional authority to the President," said Robinson. "But the fact is that the Legislative and the Executive branches share authority over international trade, and TPA ensures Congressional oversight and input on trade negotiations. The critics say TPA undermines U.S. sovereignty in areas like consumer protection, health and environmental laws, and financial standards. But the fact is, under every trade agreement we have ratified, Congress has ensured that the U.S. retains full authority over its domestic laws and regulations. The critics say TPA undermines the transparency of trade negotiations. But the fact is exactly the opposite. Past TPA bills have typically included mandatory notice and consultation provisions requiring the Administration to seek Congressional input before, during, and at the conclusion of trade negotiations.