Statement by U.S. Conference of Mayors CEO & Executive Director on Congressional Passage of Trade Agreements, Trade Adjustment Assistance and Key Preference Programs

WASHINGTON, Oct. 13, 2011 /PRNewswire-USNewswire/ -- United States Conference of Mayors CEO & Executive Director Tom Cochran today released a statement following congressional approval of the U.S.-South Korea, U.S.-Colombia, and U.S.-Panama trade agreements, as well as Trade Adjustment Assistance (TAA) reforms, the Generalized System of Preferences (GSP), and the Andean Trade Preferences Act.  President Barack Obama is expected to sign the initiatives into law over the next few days.  

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From USCM CEO & Executive Director Cochran:

"I congratulate U.S. Trade Representative Ron Kirk for successfully promoting a strong trade policy and commend Congress for approving these trade agreements and Trade Adjustment Assistance reforms.  

"This trade deal could spur $13 billion annually in new exports and more importantly support tens of thousands of jobs for workers in our cities, exactly the type of job creation boost we desperately need. Not only will this help strengthen and expand ties with strategic partners in Asia and Latin America, but it will support a broad range of job opportunities here at home, within small businesses to farms to manufacturing companies across the nation.  

"TAA reforms will make it possible for laid-off workers to receive retraining and assistance to find new job placements in our cities.  

"These initiatives are a win-win situation that will help stabilize our country and drive national economic growth." 

SOURCE The U.S. Conference of Mayors

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