Statement of USTR Rob Portman Regarding Today's Extension of Trade Promotion Authority and the U.S. Trade Agenda
"This has been a terrific month for the U.S. trade agenda. Today, the extension of Trade Promotion Authority (TPA) became final, showing Congressional support for U.S. economic leadership and participation in the global trading system.
"Yesterday, the Senate approved CAFTA-DR in bipartisan fashion, and the House Ways and Means Committee also approved legislation for consideration by the House of Representatives later in July. On June 9, the House of Representatives voted overwhelmingly to support U.S. participation in the World Trade Organization (WTO). The United States has also had a number of very good victories in the WTO, ensuring fair trade for American apple producers and semiconductor manufacturers.
"All of this provides us with growing, positive momentum as the U.S. continues to provide global economic leadership. President Bush will attend next week's G-8 Summit, and our work to advance the ongoing Doha negotiations is entering an important phase.
"The Administration will continue to work to level the playing field, expand export opportunities and promote economic prosperity at home and around the world."