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 April 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Ports

Shell's Arctic Return Faces Hurdle at Seattle Port

Royal Dutch Shell's quest to return to Arctic drilling for the first time in three years could face delays after Seattle ruled that the city's port must apply for

AAPA Supports 'Move America Act'

'Move America Act of 2015' would help fund landside improvements to U.S. ports -APPA   The American Association of Port Authorities (AAPA)—the unified and recognized

USCG Monitors LNG Carrier Repair in Alaska

The U.S. Coast Guard (USCG) is monitoring repairs aboard the liquid natural gas (LNG) carrier Excel in Homer, Alaska.    The vessel was received an order from

Fuels & Lubes

Hybrid Power for Workboats: The Future is Now

Hybrid marine power and propulsion systems for workboats isn’t farfetched. In fact, it may be essential.   In 2015, two significant developments are going to make many operators,

SENER Develops Multipurpose Subsea Support Vessel

Operators are demanding more efficient, less consuming and more capable vessels, while shipbuilders need to achieve it in a very competitive environment. As a ship design firm,

Wärtsilä 50DF Engine Operates on Ethane

The Wärtsilä 50DF marine engine has been tested and certified to run on ethane (LEG) fuel. The testing program was carried out by Wärtsilä in close collaboration with Evergas,

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Pipelines Pod Propulsion Port Authority Salvage Ship Electronics Ship Repair Ship Simulators Sonar
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: 0.1239 sec (8 req/sec)