Deere cheers Senate passage of Trade Promotion Authority bill
"We are pleased this important trade bill has moved another step toward enactment," Samuel Allen, Deere's chairman and CEO, said. "Trade Promotion Authority (TPA) strengthens the ability of the U.S. to advance a robust trade agenda that will expand jobs and opportunities for American businesses, farmers and workers. This benefits our customers, our employees and Deere's business opportunities."
Under the terms of the proposed legislation, an U.S. president would have the authority to submit to Congress proposed trade agreements as legislation for an up or down vote. This would assure prospective trading partners that the agreement would not be changed after negotiations are completed.
"Enhanced global trading relationships benefit our John Deere customers and our business around the world," Allen said. "As living standards and urbanization continue to increase globally, more agricultural productivity is needed, and additional construction of infrastructure is required. Pro-trade policies that open economies and foster growth improve the likelihood these challenges can be met."
Allen said the global marketplace is crucial to Deere's U.S. employees, who depend on the combined strength of U.S. sales, as well as exports, to drive production at Deere manufacturing facilities.