ACCF CENTER FOR POLICY RESEARCH SPECIAL REPORT - AUGUST 2014
BY PINAR ÇEBI WILBER, PH.D. - SENIOR ECONOMIST AMERICAN COUNCIL FOR CAPITAL FORMATION CENTER FOR POLICY RESEARCH
The President’s 2014 Trade Policy Agenda stresses the critical role of trade and investment in the Administration’s strategy to create jobs, promote growth and strengthen the middle class. However, Congress has failed to grant Trade Promotion Authority (TPA) to the Executive Branch since the last one expired on July 1, 2007. This special report discusses the importance of TPA in trade negotiations, as well as the positive impact of a system that promotes open markets on U.S. jobs and economic growth. The opening section provides an overview and brief history of TPA, followed by a list of current trade negotiations. The Special Report concludes with a discussion of the importance of free trade for the U.S. economy and how TPA could be helpful, especially with the recent boom in the U.S. energy industry.