If you think about it, the globe's population, billions of people, 96 percent of the consumers on the Earth today live outside the borders of the United States. So if we want to increase the opportunity to find new markets for American farm products, for technology, for manufactured goods, for entertainment, we have to increase our access to international markets. Trade Promotion Authority, it is kind of a funny name, but the bottom line is all it means is that we give President Bush the full negotiating power he needs to break down trade barriers. Without the full negotiating power, our trading partners and competitors and those who are trying to open up markets into their markets are not going to take us seriously, unless the Congress gives President Bush the full negotiating power that he needs. I was so very, very pleased that we passed out of the House this past week with bipartisan support legislation giving President Bush what he needs. I think it is a shame there is almost 130 bilateral trade agreements, and bilateral means a trade agreement between two different countries; but out of 130 bilateral trade agreements, only about three involve the United States.
Editor's note · Context
Discussing the importance of Trade Promotion Authority and international trade agreements.
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