Legislation Opens New Doors of Trade Opportunities
For Immediate Release.
December 7, 2001 The
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.
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.
are allowed to improve their standard of living through trade, especially
by importing other nations’ goods and services.
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.
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.”
Joel P. Rutkowski, P.h.D.
President, The American Voice Institute Of Public Policy
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