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Cummins Urges Congress to Approve Trade Bill

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Cummins commended the introduction of bipartisan trade legislation that would update and renew Trade Promotion Authority, urging Congress to approve the bill.

The legislation, introduced Thursday (April 16) by Sens. Orrin Hatch (R-Utah), Ron Wyden (D-Oregon) and Rep. Paul Ryan (R-Wisconsin) would establish concrete rules for international trade negotiations aimed at delivering high-standard trade agreements for U.S. imports and exports.

“The United States is pursuing one of the most important trade agendas in many years and we urge Congress and the president to work together to enact TPA legislation as soon as possible,” Cummins CEO Tom Linebarger said. “Trade Promotion Authority strengthens the hands of U.S. negotiators and will help ensure the best possible outcome in our global trade deals.”

Ninety-five percent of the world’s consumers live outside the U.S. and international trade already supports more than one in five American jobs. U.S. job growth between 2004-2013 was three times higher for trade-related jobs compared to average job growth. And trade-related jobs pay 13 to 18 percent more than the average U.S. wage.

“Creating opportunities for American companies to reach customers through 21st century trade agreements can help fuel our economy and keep the United States globally competitive,” said Linebarger. “Passing TPA as soon as possible is critical to helping create new trade and growth opportunities for the U.S. economy, supporting jobs for American workers and farmers and strengthening communities across the United States.”

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