U.S. Senator Scott Brown (R-MA) issued the following statement on tonight's Senate vote on trade:
"Today's vote represents the first step toward renewing Trade Adjustment Assistance (TAA) and passing the three pending trade agreements with South Korea, Colombia, and Panama. This vote demonstrates that both sides can come together and pass job-creating legislation. These trade agreements will open new markets for Massachusetts products and lead to job growth in the Commonwealth."
In July 2011, Sen. Brown and 11 other Republican senators committed to vote for cloture on renewal of TAA so that President Obama would formally submit the job-creating trade agreements to Congress. Today's vote on H.R. 2832 also served as the first step in renewal of the Generalized System of Preferences (GSP), which provides preferential market access to developing countries. Since GSP expired last year, Massachusetts exporters have paid approximately $4.2 million in unnecessary duties, significantly affecting their competitiveness and ability to create jobs. H.R. 2832 extends GSP retroactively.