[Congressional Record Volume 161, Number 60 (Thursday, April 23, 2015)]
[Senate]
[Pages S2380-S2381]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
TRADE PROMOTION AUTHORITY
Mrs. FISCHER. Mr. President, I come to the floor to discuss the
importance of trade and the Nebraskans who depend upon it. Since 1989,
U.S. agricultural exports have nearly quadrupled in value. This is a
direct result of our trade agreements, which have opened foreign
markets to our goods. In 2014 alone, the value of U.S. agriculture
exports was $152.5 billion, yielding a trade surplus of more than $43
billion. This surplus is the result of hard work by millions of
American farmers and ranchers.
My home State of Nebraska is leading the way in progress as a top
producer and exporter of agriculture and manufacturing products. In
2013, Nebraska exported $7.3 billion in products tied to agriculture
and the processing industries. By trading internationally, we are
creating jobs and long-term income here at home. From farms and ranches
to food processing, transportation, and manufacturing industries,
countless parts of our economy rely on flow of goods across our Nation
and around the world.
Nebraska's Governor, director of agriculture, and 22 Nebraska
agriculture stakeholders echoed the necessity of these trade
agreements, urging congressional leaders to quickly pass important
legislation for these agreements to materialize. This point was
reinforced in a recent Omaha World-Herald Editorial, which noted that
Nebraska producers operate on a global scale and therefore understand
the economic benefit of robust free-trade agreements.
The U.S. Department of Agriculture estimates that every $1 billion of
U.S. agricultural exports generates $1.3 billion in economic activity
and supports the full-time work of approximately 6,600 Americans
throughout the economy. Simply put, international trade is an essential
component of opening foreign markets to U.S. agriculture and food
products. The best avenues we have to open new markets, increase that
productivity, and create jobs are through strong, fair, and inclusive
free-trade agreements.
With more than 95 percent of the world's population located outside
the United States, economic growth and job creation depend on trade
opportunities that allow our U.S. companies and our producers to tap
into new markets to sell more American products.
As we debate, the world's population continues to grow. In more and
more countries, we see a growing middle class with a mounting appetite.
What do they want to eat? They want high-quality meat, produce, and
food products from the United States of America. What a tremendous
opportunity for American producers to capture new markets and reach
more consumers worldwide, but these new markets cannot be developed
unless the United States is at the table and at the table negotiating
for comprehensive free-trade agreements that ensure producers and
exporters receive that fair deal.
In order to accomplish this goal, the Senate must first pass trade
promotion authority or the TPA. TPA effectively combines Congress's
authority to regulate foreign commerce alongside the President's
authority to negotiate treaties. It reinforces the role of Congress to
set negotiation priorities, and it requires the President to consult
extensively with legislators throughout
[[Page S2381]]
this entire negotiation process. Under TPA, Congress retains its
authority to review and determine whether the proposed trade agreement
will be implemented through an up-or-down vote.
TPA has been granted to every President since Gerald Ford. This
longstanding and proven partnership between the legislative and
executive branches is essential to finalizing those free-trade
agreements that create countless opportunities for American enterprise.
TPA will allow us to actually complete the trade negotiations that are
currently underway. America is on the brink of some very ambitious and
progrowth deals. It will also provide our negotiators with the
credibility they need in order to conclude those trade agreements. Our
trading partners must be certain the United States is serious about its
trade priorities and that we are serious about our commitments. To get
the best deal, there is no doubt our trade negotiators need this vital
negotiating tool.
Furthermore, as this administration negotiates the two largest
regional trade agreements in history, we must position ourselves to
extract the best deals possible. The Trans-Pacific Partnership or the
TPP includes countries such as Japan, Vietnam, and Malaysia, which have
great, tremendous opportunities for our exports. This agreement will
give us greater access to the fastest growing economic region in the
world. The Transatlantic Trade and Investment Partnership is between
the European Union and the United States, which together account for
nearly half of global GDP.
I support the negotiations for each of these regional trade
agreements. Both agreements hold enormous potential for continued
progress in agricultural exports, and they will create jobs here at
home. The United States has negotiated free-trade agreements with 20
countries over the past three decades. These trading partners only
represent 10 percent of the global economy, but they consume nearly
half of the U.S. exports. Economic growth and American job creation
would only expand under TPP, where negotiating countries represent the
fastest growing economies in the world.
That said, it is critical trade agreements eliminate barriers and
level the playing field for American businesses. Fair, two-way market
access that eliminates tariffs is essential to any comprehensive trade
agreement.
We are in the 21st century, and our trade agreements should reflect
21st century principles. TPA is critical to providing our trade
representatives with the necessary tools to finalize these pending
negotiations, while also ensuring that the unsung heroes of the
American dinner table--our farmers, our ranchers, our food processors--
receive the greatest benefit.
Nebraska's farmers and ranchers are global leaders and the very best
at producing safe, high-quality food to feed the world. It is
imperative that foreign markets are open, balanced, and that they
provide a level playing field for all of our U.S. products. One of best
ways we can do this is by expanding free trade and authorizing TPA.
I encourage my colleagues to support this very important legislation.
I suggest the absence of a quorum.
The PRESIDING OFFICER. The clerk will call the roll.
The senior assistant legislative clerk proceeded to call the roll.
Mr. CORKER. Mr. President, I ask unanimous consent that the order for
the quorum call be rescinded.
The PRESIDING OFFICER. Without objection, it is so ordered.
____________________