Trade Promotion Authority
IMPORTANCE
Trade Promotion Authority (TPA), also known as fast track, allows the President to negotiate trade agreements
with other countries. It simplifies the process of congressional consideration of such agreements by requiring a
straight yes or no vote with no amendments permitted. New and expanded market access through trade
agreements has been the most important catalyst for increased
the North American Free Trade Agreement (NAFTA)
in 1994 and the Uruguay Round Agreement in 1995,
exports of pork and pork products have increased by more than 389 percent in volume terms and more than
361 percent in value terms.
BACKGROUND
Since 1974, Congress has granted
every
for congressional approval on an up-or-down basis within a specified time frame. The President’s trade promotion
authority (TPA) lapsed after the 1994 passage of the Uruguay Round legislation that established the World Trade
Organization (WTO). President Bush signed the Trade Act of 2002 into law on August 6, 2002, which renewed TPA.
Since TPA was renewed, Congress has passed FTAs with
DR-CAFTA countries. TPA expires June 30, 2007.
NPPC POSITION
NPPC will support an extension of TPA if progress is made in the WTO Doha negotiations which will significantly
increase
NPPC CONTACT
Nicholas Giordano, International Trade Counsel, (202)347-3600, giordann@nppc.org.
Last Updated: February 1, 2007