On the recordMay 19, 2015
Mr. President, this Chamber has now turned its consideration to trade promotion authority, or TPA. I am a supporter of this legislation because my State is the largest exporting State in the country, and I think our economy and the number of jobs that are created in Texas are reflective of our strong commitment to international trade. We simply find the point inarguable that to open new markets to the products that our agricultural sectors grow, our ranchers raise, and our manufacturers make seems to be such an obvious thing to do. That is why I am a big supporter of this legislation. It is not something that just helps businesses; it helps consumers, too. Reducing the protections for domestically produced goods helps consumers most dramatically. It helps with their cost of living and helps make their daily or weekly or monthly paycheck go a little bit further. Earlier this week, the Wall Street Journal reported that U.S. exports to trade-pact countries were growing at a far higher rate than exports to nontrade-pact countries. So if we get this TPA passed and the United States enters into one of these agreements under negotiation, such as the Trans-Pacific Partnership, we could see American exports to the region skyrocket. This region in particular involves 11 other countries and makes up about 40 percent of the world's economy, and, of course, it would be a ready-market for U.S. products, from beef to electronics.…
Source
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