Smith Applauds Trade Priorities Act

Jan 9, 2014 Issues: Agriculture, Economy, Trade, Ways & Means

Congressman Adrian Smith (R-NE) today made the following statement following the introduction of  the Bipartisan Congressional Trade Priorities Act:

“As Nebraska producers continue to expand their sales around the world, Congress needs to pass the Trade Priorities Act.  This legislation would enhance U.S. leverage in the global marketplace and update Congress’s authority and ability to provide direction to the Administration in trade negotiations.

“At a time when some nations are putting up tariff and non-tariff barriers to U.S. products, this legislation would help our negotiators ensure Nebraska goods and products receive fair treatment in new agreements which would benefit our economy and hardworking taxpayers.”

Congressman Smith is a member of the Committee on Ways and Means Trade Subcommittee and has led efforts to promote modern, scientific, and fully enforceable standards in trade agreements.  This summer, Smith held a series of public forums across the Third District to help businesses and individuals better understand the value of global trade and provide information on expanding market access for local products.

Nebraska merchandise exports, including agriculture, totaled $7.4 billion in 2012.  According to the Nebraska Department of Agriculture, every dollar in agricultural exports generates $1.34 in economic activities such as transportation, financing, warehousing, and production.