Thompson Mahogany Company’s General Manager, Andy Nuffer ,was quoted in an article in Market Watch about the introduction of Trade Promotion Authority (TPA) legislation in the Senate. Andy was among small and medium company leaders who wanted to voice their opinion on the importance of international trade to their business.
Andy’s section of the article is below:
“My company, Thompson Mahogany Co. has been in the import business and has been creating good jobs for Philadelphians since 1843,” said Andrew Nuffer, the General Manager at Thompson Mahogany Co. in Philadelphia. “But right now, we need trade agreements to ensure not only that we can continue to import the finest hardwood lumber, but also so that the cost of doing so isn’t prohibitive. Without TPA, the chances of completing any new trade agreements plummet. So to get more trade, we need to pass TPA.”
The TPA legislation in Congress outlines the priorities and objectives for international trade agreements and agrees to an up-or-down vote on a defined timeline without amendment. TPA legislation also requires the administration to continue keeping members of Congress regularly updated on the progress of negotiations.
To read the rest of the article and to learn more about the TPA legislation, you can read here: