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 November 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Ports

Port of Galveston to Repair Public Pier

Galveston Wharves’ board of trustees today unanimously approved a project to repair pilings and pier deck in the Pier 19 area of the port. The board awarded the contract,

Jaenichen Tours Port of Brownsville

The U.S. Department of Transportation’s Maritime Administrator Paul ‘Chip’ Jaenichen today visited the future site of a marine cargo dock at the Port of Brownsville made possible,

US Shippers, West Coast Dockworkers Union Resume Contract Talks

Negotiators for shipping lines and terminal operators at 29 U.S. West Coast ports resumed contract talks with the union for dockworkers on Thursday, as cargo backups continued at the ports,

Fuels & Lubes

Italian Shipbuilder Pleads Guilty to Environmental Crimes

An Italian shipping firm based in Genoa, Italy, pleaded guilty to violating the Act to Prevent Pollution from Ships by falsifying required ships’ documents to hide

K Line to Expand Use of Eco-efficiency Software

Three further K Line vessels to install ClassNK-NAPA GREEN eco-efficiency software after reporting fuel savings during trials on an 8,600 TEU container vessel   NAPA

Bulker Chief Engineer Convicted of Environmental Crimes

A chief engineer from the M/V Trident Navigator was convicted by a federal jury in New Orleans late yesterday after a week-long trial, of knowingly falsifying the

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Naval Architecture Navigation Pod Propulsion Port Authority Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | 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: 0.1067 sec (9 req/sec)