New White House Trade Authority Will Boost Houston Region Economy

Tuesday, October 16, 2001
Newly introduced legislation to expand the President's authority in trade negotiations will be a boost to the Houston region's economy, according to several Southeast Texas business leaders. "The Trade Promotion Authority (TPA) bill introduced in the House two weeks ago will allow the administration to fairly negotiate trade agreements and other related issues with foreign countries, especially multilateral treaties," said Port of Houston Authority Chairman James T. Edmonds. Implementation of TPA is expected to spur progress on the Free Trade of the Americas Agreement, opening markets in Central and South America to U.S. goods and services. Houston's current number-one trading partner is Mexico, with $5.5 billion in annual trade volume, and two South American countries are number-two and number-four, Venezuela ($3.2 billion) and Brazil ($2.1 billion). TPA approval will benefit Texas' farmers and growers, according to Texas Farm Bureau President Steve Pringle. "Exports are the lifeblood of American agriculture," he said. "We may lose our existing share of foreign markets to other competitors if we are not an active player in new trade agreements."
Maritime Reporter August 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Ports

Libya Plans to Sell Ex-rebel Tanker

Libya plans to sell a tanker that a former rebel group used in an attempt to bypass the Libyan government and export oil on its own last year, the Tripoli-based state prosecutor said on Thursday.

CMA CGM Launches 18,000 TEU Containership

Container shipping firm CMA CGM Group has taken delivery of its newest colossal containership, the 18,000 TEU, 400-meter-long CMA CGM Bougainville.   Now the

Busan Port Names Woo Ye-jong as New CEO

The Busan Port Authority (BPA) announced Woo Ye-jong has been named as its new CEO, as appointed by the Korean Ministry of Oceans and Fisheries.   Woo took office on July 31,

Fuels & Lubes

Rapid Oil Spill Response Vessel Launched

Western Canada Marine Response Corporation (WCMRC) launched their newest oil spill response vessel in Burrard Inlet. The boat, named after former employee George Penman,

Total Lubmarine Resumes Full Service in Tianjin

Marine lubricants and greases provider Total Lubmarine informs it has resumed all services based out of the Port of Tianjin following the deadly explosions that rocked the port August 12.

LNG-fueled Box Ship a 'Momentous Step Forward'

On Saturday, August 29, 2015, the world’s first series of energy efficient containerships welcomed its second LNG-powered vessel in San Diego, fueling the U.S.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Navigation Offshore Oil Port Authority Ship Electronics Ship Repair Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1154 sec (9 req/sec)