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Fast-Track Legislation Opens New Doors of Trade Opportunities

For Immediate Release. December 7, 2001The House of Representatives should be commended for the passage of the Bipartisan Trade Promotion Authority Act of 2001 (H.R. 3005) on December 6, 2001.  To facilitate trade negotiations while keeping Congress involved in the process and preserving its ultimate authority to regulate trade, fast-track negotiating authority is an advantageous tool.  Directly attributed benefits derived from this link to international trade include much of the freedom, wealth and abundant opportunity that most Americans currently enjoy.  American manufacturers of goods and services are encouraged to improve their products and remain cost competitive by freely trading with other nations.  As a result, higher sales and economic growth can occur in America along with the promotion of a higher standard of living.

“Fast-track negotiating authority is in the United States’ best interest in developing strong relationships with other countries worldwide, assisting them in the establishment of strong economies with markets open to trade and governments that incorporate democratic principles,” said Dr. Joel P. Rutkowski, president of the American Voice Institute of Public Policy.

Americans are allowed to improve their standard of living through trade, especially by importing other nations’ goods and services. 

Restrictions on trade impose unnecessary limits on consumers’ economic well-being since American workers are also consumers.  In the long-term, the creation of many new and higher-waged jobs are encouraged by expanded trade according to extensive empirical evidence.

“For those who have criticized ‘fast-track’ legislation, they do not have to fret at its passing because it is not permanent but is granted only for a defined period of time,” stated Dr. Rutkowski.  “Thus, if an Administration lacks a sound trade policy, Congress has the discretion to withhold this authority.”

For Interviews Contact:

Joel P. Rutkowski, P.h.D.
President, The American Voice Institute Of Public Policy
757-436-5927
jrutkowski@americanvoiceinstitute.org

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