By The Association of Equipment Manufacturers (AEM) today applauded action by leaders in both the House of Representatives and the Senate to bring forward the updated Trade Promotion Authority (TPA) legislation. The previous TPA enacted by Congress expired in 2007.
"American equipment manufacturers are encouraged by today's action in Congress to work together and introduce TPA legislation," AEM President Dennis Slater said. "TPA will further strengthen U.S. manufacturers' ability to compete in world markets and allow Congress to prioritize negotiating objectives important for our industry. I hope today's action is a symbol that Congress and the Administration can work together to quickly get this legislation enacted."
TPA is necessary for Congress to establish negotiating objectives and preserve Congress' authority to approve trade agreements. Concluding the Trans-Pacific Partnership (TPP) and Trans-Atlantic Trade and Investment Partnership (TTIP) - key trade agreements crucial to the equipment manufacturing industry - depend upon successful passage of TPA.
About the Association of Equipment Manufacturers (AEM)- www.aem.org
AEM is the North American-based international trade group providing innovative business development resources to advance the off-road equipment manufacturing industry in the global marketplace. AEM membership comprises more than 900 companies and more than 200 product lines in the agriculture, construction, forestry, mining and utility sectors worldwide. AEM is headquartered in Milwaukee, Wisconsin, with offices in the world capitals of Washington, D.C.: Ottawa, Canada; and Beijing, China.
Sara Sendek
202-256-6180
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