The Illinois Soybean Growers (ISG) commends the U.S. House of Representatives for passing Trade Promotion Authority (TPA) to keep U.S. trade negotiations in Europe and around the Pacific moving forward. President Barack Obama has said he would sign the bill, which defines U.S. negotiating terms and sets requirements for the president to follow during the negotiating process. However, the bill cannot move to the president’s desk without more discussion about Trade Adjustment Assistance (TAA), the federal program that supports workers who have lost their jobs as a result of foreign trade.
“While we are pleased the House has passed TPA at a critical time in trade negotiations, we look forward to quick decisions from them on adjusting TAA so that the full measure can move forward to President Obama’s desk,” said Mike Levin, ISG director of issues management analysis.
“We are excited that the House of Representatives has passed TPA,” said Bill Raben, ISG chairman and soybean farmer from Ridgway, Ill. “We have been watching and waiting for this legislation for months so that Illinois farmers can continue to deliver soybeans to the global market place and help boost the Illinois economy.”
In 2013, Illinois soybean exports were worth $3.1 billion and more than 39 Illinois companies employ people who sell Illinois soybeans overseas. Illinois’s unique position in the U.S. makes exporting efficient – barges are filled by 55 river elevators and rail cars are filled at 43 shuttle-train elevators. Without TPA paving the way for international trade negotiations, Illinois agriculture would not be as successful.
Illinois Soybean Growers (ISG) is a membership organization serving more than 43,000 Illinois soybean growers. ISG provides advocacy in Springfield and Washington, D.C., to promote the interests of Illinois soybean farmers and programs that enhance soybean production and demand. Voice for Soy, the online action center supported by ISG, allows growers to easily connect with legislators and regulators to advocate for Illinois agriculture. For more information about ISG, visit the website www.ilsoygrowers.com.
For more information, contact:
Director of Issues Management Analysis