16 Apr The Footwear Industry’s Statement on TPA Introduction in Congress
“We are encouraged that Senator Hatch and Senator Wyden have introduced bipartisan Trade Promotion Authority (TPA) legislation in Congress, moving the debate on trade forward,” said Footwear Distributors and Retailers of America (FDRA) President Matt Priest. “TPA is vital to finalizing and passing the Trans-Pacific Partnership (TPP), a free trade agreement that has the potential to save the footwear industry and American consumers hundreds of millions of dollars a year in costs. That is why this is a top priority for our members and why FDRA will continue to lead the charge with congressional leaders to explain how important this initiative is for footwear companies and consumers.”
When asked about TPA’s prospects, Priest added “In our meetings on the Hill, we have heard from Members who are very supportive of our position, and I know we have some great advocates in Congress for our industry. I am positive we will see this passed, hopefully clearing the way for the conclusion of TPP negotiations soon thereafter.”
About FDRA: FDRA is the footwear industry’s voice in Washington. It represents and advocates for the entire industry from small family owned footwear businesses to global footwear companies. In all, it supports over 130 companies and 200 brands, or 80% of total U.S. footwear sales, making it America’s largest and most respected footwear trade association.