Emergency Committee For American Trade

ECAT Welcomes Chairman Crane's TPA Bill

FOR IMMEDIATE RELEASE

Jume 14, 2001

Press Contact:
Adnan Jalil
202.659.5147

ECAT WELCOMES CHAIRMAN CRANE’S PROPOSAL ON TRADE PROMOTION AUTHORITY

Washington, D.C, June 14, 2001---Calman J. Cohen, President of the Emergency Committee for American Trade (ECAT), welcomed today the Trade Promotion Authority Act of 2001, introduced by Ways and Means Trade Subcommittee Chairman Crane and cosponsored by 61 Members of the House.

"Chairman Crane’s legislative proposal represents another important step forward in the continued dialogue on building a consensus for trade promotion authority," said Cohen. "Trade Promotion Authority is critical to help restore U.S. leadership on trade and open new opportunities for American companies and their workers and families."

Over the last century, the United States has enjoyed enormous prosperity in large part because of the open trade policies it adopted following the Great Depression, starting with the Reciprocal Trade Agreements Act in 1934. Over the last decade alone, U.S. exports have accounted for one-quarter of U.S. economic growth and have contributed significantly to the high standard of living enjoyed by American workers and their families. Imports have improved the variety, quality and availability of products throughout the United States, have increased the competitiveness of U.S. companies, and have been a significant factor in dampening inflationary pressures.

"We applaud Mr. Crane’s continued leadership in moving forward with a concrete proposal," Cohen stated. "ECAT companies are fully committed to working with all members of Congress and the Administration to support trade policies that support economic growth and a high standard of living in the United States and throughout the world."

"We are hopeful that Chairman Crane’s proposal will help the dialogue continue and that a broad consensus can be achieved on constructive ways to move forward on trade promotion authority this year."

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ECAT is an organization of the heads of leading U.S. international business enterprises representing all major sectors of the American economy. Their annual worldwide sales total over $1.5 trillion and they employ approximately four million persons.

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	ECAT Welcomes Chairman Crane's TPA Bill FOR IMMEDIATE RELEASE Jume 14, 2001 Press Contact: Adnan Jalil 202.659.5147 ECAT WELCOMES CHAIRMAN CRANE’S PROPOSAL ON TRADE PROMOTION AUTHORITY Washington, D.C, June 14, 2001---Calman J. Cohen, President of the Emergency Committee for American Trade (ECAT), welcomed today the Trade Promotion Authority Act of 2001, introduced by Ways and Means Trade Subcommittee Chairman Crane and cosponsored by 61 Members of the House. "Chairman Crane’s legislative proposal represents another important step forward in the continued dialogue on building a consensus for trade promotion authority," said Cohen. "Trade Promotion Authority is critical to help restore U.S. leadership on trade and open new opportunities for American companies and their workers and families." Over the last century, the United States has enjoyed enormous prosperity in large part because of the open trade policies it adopted following the Great Depression, starting with the Reciprocal Trade Agreements Act in 1934. Over the last decade alone, U.S. exports have accounted for one-quarter of U.S. economic growth and have contributed significantly to the high standard of living enjoyed by American workers and their families. Imports have improved the variety, quality and availability of products throughout the United States, have increased the competitiveness of U.S. companies, and have been a significant factor in dampening inflationary pressures. "We applaud Mr. Crane’s continued leadership in moving forward with a concrete proposal," Cohen stated. "ECAT companies are fully committed to working with all members of Congress and the Administration to support trade policies that support economic growth and a high standard of living in the United States and throughout the world." "We are hopeful that Chairman Crane’s proposal will help the dialogue continue and that a broad consensus can be achieved on constructive ways to move forward on trade promotion authority this year." * ECAT is an organization of the heads of leading U.S. international business enterprises representing all major sectors of the American economy. Their annual worldwide sales total over $1.5 trillion and they employ approximately four million persons. * ECAT - Homepage About ECAT \| Hot Issues \| ECAT Positions Press Releases \| Trade Resources \| Key Trade Votes \| Publications Steel \| CAFTA \| Search \| Members Only Copyright 1999-2002, the Emergency Committee for American Trade