TPA Legislation: H.R. 1314
Trans-Pacific Partnership: Full Text
Investor’s Business Daily: Free Trade Deals Are More Important Than Ever For U.S. Economy
Press Release: Reps. Emmer and Walters Send Pro-TPA Letter to President
St. Cloud Times: TPA would give Congress reins on trade
St. Cloud Times: Emmer's support boosted trade pact that helps Minnesota
The Ripon Advance: Emmer: TPA passage vital to support U.S. jobs
Minnesota Farm Bureau: Trade Promotion Authority -- Good for Minnesota
Key Facts about TPA:
- TPA is not a trade deal.
- TPA is legislation that authorizes the President to enter into an agreement only after Congress - and the American people - have given their approval.
- TPA contains 150 objectives that Congress the U.S. Trade Representative must adhere to during negotiations.
- TPA has a provision that allows the House to withdraw TPA at any time during its 6 year authorization, effectively stopping any agreement in its tracks.
- TPA also requires that any deal must be public for, at the very minimum, 60 days before any vote is taken.
Key Facts about Trade:
- More than 8,500 businesses in Minnesota export goods abroad, contributing roughly $20 billion to the $1.5 trillion in annual U.S. exports.
- In 2012, Minnesota ranked as the 20th largest exporter in the nation, and the fourth largest agriculture exporter.
- More than 757,000 Minnesotans who rely on foreign trade and investment to provide for their families.
- Trade supports more than 38 million American jobs that pay on average 15-20 percent more than non-trade jobs.
- The benefits of trade are spread throughout the economy – more than 98% of U.S. exporters are small or medium sized companies.
- Quality free trade agreements are crucial for American businesses, manufacturers and farmers to have increased market access for their goods and services.
- Current free trade agreements have saved the average American family of four more than $10,000 per year and U.S. manufacturers have a more than $50 billion surplus with trade agreement countries.