Senate Finance Committee Chairman Max Baucus wants to get the Trans Atlantic Trade and Investment Partnership or T-TIP trade agreement passed. He says the key to getting that done is giving the President Trade Promotion Authority. Nebraska Farm Bureau National Affairs Coordinator Jordan Dux says his group is behind that because it would be beneficial for his state’s producers.
Dux says it will be challenging to get T-TIP passed because the European Union has long erected trade barriers and not followed good sanitary phyto sanitary procedures when trading with the U.S. He says those have to be overcome in order to get a solid trade agreement.
The T-TIP could support hundreds of thousands of new jobs in the U.S. and could boost exports to the E.U. by a third and add more than $ 100 billion annually to the U.S. gross domestic product.