Passage of Trade Promotion Authority
Secretary of State
Today, the United States took a major step to promote prosperity and security at home and enhance our leadership abroad.
I applaud Congress for passing Trade Promotion Authority (TPA) legislation. This bipartisan action grants President Obama the authority to negotiate trade deals that will simultaneously ensure our national security and guarantee our prosperity. It also provides a concrete framework that will enable our country to complete one of the most significant trade agreements in our history, the Trans-Pacific Partnership (TPP), and encourage progress on a similar deal with Europe.
The TPP’s economic significance is clear. It will open markets and level the playing field for American businesses and workers. It will add to the estimated 11.7 million American jobs already supported by American exports and connect us to more markets in the Asia-Pacific. It will ensure that global growth is more inclusive and sustainable.
The TPP is about more than economic opportunities—it is an opportunity to strengthen our global leadership and enhance our national security interests in a crucial region. The agreement will promote stability in a dynamic region of the world by deepening our partnerships abroad and supporting a global order that reflects our interests and values.
I also welcome the passage of legislation renewing the African Growth and Opportunity Act and the Generalized System of Preferences, which are powerful drivers of global development and critical tools in our economic engagement abroad.
If our prosperity is in doubt, then there will also be doubts about our ability to defend ourselves and our allies and to pursue our strategic interests. By passing TPA and working to secure commitments on TPP and its European counterpart, the Transatlantic Trade and Investment Partnership, we are making clear our intention to ensure a more prosperous and secure America, as well as promoting a more democratic and stable international economy.