News

US Senate approves Trade Promotion Authority

Jun 26, 2015

Lat week the US Senate passed legislation granting the President authority to enter and finalize free trade agreements. In a landmark vote by bipartisan vote of 60-38, Trade Promotion Authority (TPA) was approved. This vote followed approval of the bill by the House of Representatives.

TPA defines objectives and priorities for trade agreements the US negotiates and establishes consultation and notification requirements for the President to follow throughout the negotiation process. Once trade negotiators finalize a deal, Congress gets to review it and vote – without amendments – yes or no on it. Congress has granted TPA to every president since 1974.

< Back to News

Categories

Swedbank

Feedback

Together with AmCham we can develop our networking not only in the local market with local companies, but also reach out to good partners far away from Latvia.

Ugis Grigorjevs, Head of Sales at Nordwoc

AmCham is a 'must-join' organization for any company of scope or international ambition.

Karlis Cerbulis, Senior Vice President of NCH Advisors, Inc.