|Office of Management and Budget||Print this document|
December 5, 2001
Administration strongly supports H.R. 3005 and looks forward to working
with the Congress to provide the President with the authority and
flexibility to secure the greatest possible trade opportunities for
America's farmers, workers, producers, and consumers. H.R. 3005 would
provide Trade Promotion Authority for the President and would establish
special procedures for the consideration of legislation to implement
Trade Promotion Authority (TPA) is about asserting American leadership, strengthening the American economy, and creating American jobs.
A congressional grant of TPA takes on renewed importance with the launch of new global trade negotiations. These negotiations can open markets and provide job creating opportunities for every sector of the American economy. But the President can strike the best deal for American workers and families only with approval of TPA. TPA's enactment will send a powerful signal to our trading partners that the United States is committed to free and open trade.
TPA is also essential to put the United States back at the table to help set the rules of the trading game. Our global influence diminished in recent years as other countries moved ahead while we have been stalled. There are currently more than 130 free trade agreements in the world. The United States is party to only three.
The Bush Administration is committed to consultations with Congress to help ensure that the Administration's negotiating objectives reflect the views of our elected representatives, and that they will have regular opportunities to provide advice throughout the negotiating process. H.R. 3005 deepens the traditional partnership between the Executive branch and the Congress through the creation of a joint Congressional Oversight Group with broad bipartisan representation from all the Committees that have jurisdiction over a part of a trade negotiation.
Without TPA, the United States will fall behind in shaping the rules of globalization, our new momentum for trade will be undercut, and the confidence and growth necessary for economic recovery will be weakened.
Passage of H.R. 3005 will send a strong signal of U.S. leadership in trade liberalization.