wheat growers

Trade Promotion Authority to Auto-Renew

Jim Rogers Industry News Release

CongressTrade Promotion Authority will auto-renew at the end of this month due to no congressional action. Originally authorized by Congress during the Obama administration for the advancement of the Trans-Pacific Partnership, TPA will auto-renew for another three years. The renewal comes due to the inaction by the House and Senate during a three-month window to pass a resolution of disapproval to deny the extension, according to Politico.

The U.S. Trade Representative’s office describes Trade Promotion Authority as a legislative procedure that spells out detailed oversight for trade negotiations. The policy allows, or perhaps restricts, Congress to a simple up or down vote, without amendment, regarding the approval of trade agreements. Most recently passed in 2015, TPA was favored by a majority of agriculture groups which supported the Trans-Pacific Partnership.

 

From the National Association of Farm Broadcasting News Service.