WASHINGTON, April 24, 2015 /PRNewswire-USNewswire/ -- The International Dairy Foods Association (IDFA) today released the following statement in response to the Senate Finance Committee and House Ways and Means Committee favorably reporting out "The Bipartisan Congressional Trade Priorities and Accountability Act of 2015" (TPA-2015).
"We applaud the leaders of the Senate Finance and House Ways and Means committees for working together in a bipartisan manner to advance the TPA-2015 bill through their committees this week."
"American businesses and their workers can compete against anyone else in the world when given the opportunity. The U.S. dairy industry in particular has the potential to benefit greatly from two trade agreements currently under negotiation – the Trans-Pacific Partnership and the Transatlantic Trade and Investment Partnership. Trade Promotion Authority is critical to securing both agreements and ensuring that the United States has the opportunity to connect U.S. companies and their products with consumers around the globe."
For more information on the importance of enacting a modernized TPA to help support U.S. growth and jobs, visit the Trade Benefits America Coalition website at www.tradebenefitsamerica.org. IDFA is a member of the Coalition.
The International Dairy Foods Association (IDFA), Washington, D.C, represents the nation's dairy manufacturing and marketing industries and their suppliers, with a membership of 550 companies within a $125-billion a year industry. IDFA is composed of three constituent organizations: the Milk Industry Foundation (MIF), the National Cheese Institute (NCI) and the International Ice Cream Association (IICA). IDFA's nearly 200 dairy processing members run nearly 600 plant operations, and range from large multi-national organizations to single-plant companies. Together they represent more than 85 percent of the milk, cultured products, cheese, ice cream and frozen desserts produced and marketed in the United States.
The Trade Benefits America Coalition includes a wide range of associations and companies that are dedicated to the pursuit of U.S. international trade agreements that benefit American businesses, farmers, workers and consumers. The Coalition believes that passage of modernized Trade Promotion Authority (TPA) legislation is important to help ensure America continues to benefit from trade.
SOURCE International Dairy Foods Association