Tags: ryan | gop | address | trade | agreement

Ryan: Trade Agreement Legislation Will Boost Economic Growth

By    |   Saturday, 25 Apr 2015 08:30 AM

House Ways and Means Committee Chairman Paul Ryan is pushing his fellow lawmakers to approve bipartisan legislation to secure new trade agreements, saying the law will create jobs, boost wages and bring stronger economic growth.

"We have a chance here to write the rules on our terms, to raise other countries to our standards, to create more opportunity for our people," the Wisconsin Republican said in Saturday's weekly GOP address. "This is our moment. It's our chance to lead, to restore American leadership in the world."

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On Thursday, Ryan's committee approved legislation allowing President Barack Obama to negotiate trade bills and then send them to Congress for a vote without amendments.

And last week, congressional leaders granted Obama "fast track" authority that pertains to the Trans-Pacific Partnership (TPP) bill, a piece of trade legislation involving 12 Asia-Pacific countries.

That agreement, and others in Europe, are both needed "so we can lay down fair and strong rules that tear down trade barriers and open markets to American products," said Ryan.

He explained that 96 percent of the world's consumers are in other countries, and it's vital that more items are made in America and sold overseas to create jobs at home.

"When we do, American workers benefit," he said. " Manufacturing jobs that rely on trade pay 16 percent more on average."

However, the way the laws stand now, other countries are allowed to sell their products in the United States, but trade barriers make it difficult to sell items made in America in foreign countries.

"TPA is a process for getting the most effective trade agreements possible, and for holding the administration accountable all along the way," explained Ryan. It also allows Congress to set the trade agenda, by setting guidelines for negotiating agreements.

"Tear down barriers to our products," he said. "Beef up protections for intellectual property. Get rid of kickbacks for foreign-government firms."

The legislation also requires that any lawmaker can read the negotiating offers at any time, and to attend negotiating rounds if needed.

"And 60 days before the administration even agrees to any agreement, you’ve got to publish the full text so the American people can read it for themselves," said Ryan.

Last, he said, the law requires that Congress gets the final say on all agreements.

"If you meet all of these requirements, we will give the agreement an up-or-down vote — without amendment," he said. " This will give our trading partners the confidence they need to
make their best offers."

But if the administration does not follow the rules, the new law would let Congress stop the vote or change it, and holds the "administration accountable and get us the highest quality agreements possible."

The fact of the matter is, Ryan said, other countries are setting the trade agenda, like China, which is "trying to rig the rules in their favor."

Nationwide, people are supporting TPA, he said, including farmers, manufacturers, and people from both parties who know what the law would mean to the United States.

"We’re the only country that can do this," he said. "We’re the only country that can stand up for free enterprise and the rule of law."

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House Ways and Means Committee Chairman Paul Ryan is pushing his fellow lawmakers to approve bipartisan legislation to secure new trade agreements, saying the law will create jobs, boost wages and bring stronger economic growth.
ryan, gop, address, trade, agreement
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2015-30-25
Saturday, 25 Apr 2015 08:30 AM
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