Industry Applauds House Passage Of TPA

Washington — The industry is commended the U.S. House of Representatives for approving the Trade Promotion Authority (TPA) bill.

The TPA, which passed by a 10-vote margin, will give President Barack Obama the ability to negotiate a 12-nation Pacific trade agreement.

Noting the legislation helps to ensure America’s ability to secure trade agreements that benefit U.S. businesses, consumers, farmers and workers, the Sweetener Users Association said in a statement: “Strong high-standard U.S. trade agreements are critical to minimizing and eliminating protectionist policies that inhibit trade opportunities for American food manufacturers — including sugar-using companies of all sizes — who relish the prospect of operating in a competitive environment without undue government interference in the market place.”

Final approval of the TPA legislation is pending passage by the Senate.