AISI Hails Presidential Signing of Trade Package

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President Barack Obama signs Trade Promotion Authority (TPA), and the extension of the Africa Growth and Opportunity Act and other trade preference programs, which includes renewal of Trade Adjustment Assistance (TAA) on June 29th, 2015.
President Barack Obama signs two significant trade initiatives. (Photo by Mario Longhi)

For Immediate Release
June 29, 2015

Contact: Lisa Harrison
202.452.7115 / lharrison@steel.org

WASHINGTON, D.C. - President Obama today signed two significant trade initiatives - Trade Promotion Authority (TPA), and the extension of the Africa Growth and Opportunity Act and other trade preference programs, which includes renewal of Trade Adjustment Assistance (TAA) and trade remedy improvements. The steel industry applauded today’s action, particularly enactment of the trade remedy measures for which the industry strongly advocated:

“Today’s bill signing is the culmination of dedication and hard work by many members of the steel industry, partner industries and numerous steel champions in the House and Senate who worked tirelessly to ensure the trade remedy provisions were included in the trade package. We thank the Administration for recognizing the critical role of the steel industry by supporting these initiatives to improve the effectiveness of our antidumping and countervailing duty laws,” said Thomas J. Gibson, president and CEO of the American Iron and Steel Institute (AISI).

“We greatly appreciate having these improved tools at our disposal in our continuing efforts to combat unfair trade, given the trade laws have not been updated by Congress in over 20 years. The surge in foreign steel imports continues at record high levels, leaving us with a great deal more work to do to mitigate the job loss and negative impact on our industry. We urge quick action by Congress to adopt the Senate version of the ENFORCE Act during the House-Senate conference on the customs bill, which will better enable companies and workers to combat the evasion of antidumping and countervailing duty orders. We hope to soon see the president signing that bill also,” Gibson concluded.

Click here for a PDF version of this release.

AISI serves as the voice of the North American steel industry in the public policy arena and advances the case for steel in the marketplace as the preferred material of choice. AISI also plays a lead role in the development and application of new steels and steelmaking technology. AISI is comprised of 19 member companies, including integrated and electric furnace steelmakers, and approximately 125 associate members who are suppliers to or customers of the steel industry. For more news about steel and its applications, view AISI's website at www.steel.org. Follow AISI on Facebook or Twitter (@AISISteel).