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."

Ports

Krishnapatnam Port, Maersk Launches Mainline Service for China

Krishnapatnam, the country’s largest all-weather; deep water port on the east-coast of India has marked another milestone towards operational excellence as it launched

India Shipping Ministry Enlarges Scope of Sagarmala

India's Ministry of Shipping has formulated a revised Central Sector Scheme to provide financial support to Major and Non-Major Ports as well as State Governments

Singapore to Focus on Improving Navigational Safety

The Maritime and Port Authority of Singapore (MPA) launched the first-ever International Safety@Sea Conference in Singapore.    The conference will run for two days and concludes on 31 August 2016.

Fuels & Lubes

Klüber to Present New EALs at SMM

“Closer to you” is the motto, under which Klüber Lubrication will be presenting its latest environmentally acceptable lubricants (EALs) for ships and offshore installations at the SMM 2016.

ABB Launches Torque Monitoring System

ABB has launched a new torque monitoring system called Torductor Marine, which is aimed at optimizing engine and fuel efficiency in the maritime sector. The new

BV Classes First LNG-fuel Oil/Chemical Tanker

Leading international classification society Bureau Veritas has classed the first LNG-fuelled newbuilding oil/chemical tanker, the 15,000 dwt Ternsund, built under BV class at Avic Dingheng,

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Navigation Offshore Oil Pipelines Port Authority Salvage Ship Electronics Ship Repair Ship Simulators
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: 0.0728 sec (14 req/sec)