International trade is AIADA's top legislative priority. In recent years, the global economy has taken some big hits, and attitudes toward trade have changed. As the United States works its way out of the current economic crisis, some Americans would like the U.S. to disengage from international trade. However, the trade they seek to prohibit could actually speed economic recovery.
Our role in the global economy benefits American consumers by increasing the quality, quantity, and value of their choices. AIADA opposes protectionist policies, and encourages the establishment of all current and future trade agreements. Thanks to the growing global economy, our industry has created new jobs and better opportunities for American workers across the country. AIADA believes the door should always be left open to global trade.
AIADA is dedicated to promoting and preserving free and open markets worldwide. AIADA has cooperated with both Republican and Democratic leaders to pursue the goal of liberalized trade, whether it is in opposing legislation that negatively impacts auto trade directly or in supporting the general principle of free international trade. AIADA support efforts to pass Trade Promotion Authority (TPA), also known as "fast-track", for President Obama.
TPA is essential for successful trade agreements. TPA can only be granted by Congress and requires a vote in both chambers. TPA gives the President the authority to negotiate trade agreements and submit them to Congress for an up or down vote, without amendments or filibuster. Every President since Franklin Roosevelt has either requested or received trade negotiating authority. The last President to obtain TPA was George W. Bush, whose authority expired July 2007. Trade agreements, and FTAs in particular, have been instrumental in giving U.S. companies and workers improved access to rapidly-growing markets abroad. American economic and job growth will benefit if we complete more trade agreements. With current negotiations underway in the Trans Pacific Partnership (TPP) and the Transatlantic Trade and Investment Partnership (TTIP), passage of TPA is essential to successfully conclude these trade pacts.