Gino DiCaro

Fed Update: CMTA board member Solar Turbines highlights free trade

By Gino DiCaro, VP, Communications

Capitol Update, March 18, 2015 Share this on FacebookTweet thisEmail this to a friend


Did you know that prior to 2007, every president since Franklin Roosevelt has had Trade Promotion Authority (TPA)?

Free trade is essential to manufacturing's global competitiveness. For example CMTA members Caterpillar and its subsidiary Solar Turbines totaled $88 billion in exports over the last five years.

That global reach is why Solar Turbines -- one of California's treasured global manufacturers -- and CMTA board member Craig Anderson hosted U.S. Trade Representative Michael Froman and Representative Scott Peters (D-CA) last week for a tour and discussion of how free trade benefits American businesses and their employees. Products from Solar Turbines play an important role in the development of oil, natural gas and power generation projects around the world.
 
The key to completing ambitious trade deals currently under negotiation is the passage of TPA. Manufacturers need the continued benefit of access to foreign markets and overseas customers through trade, and need Congress to approve TPA.
 
By renewing this authority that expired in 2007, the President and Congress can work effectively to craft, finalize and ensure the quick passage of trade agreements that support and create jobs here in California, the U.S. and around the world. 
 
You can see Caterpillar's write up on the visit and the issue here.
 
You can take action through the National Association of Manufacturers here.
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