WASHINGTON — Lawmakers introduced legislation on Thursday that would renew the President’s trade promotion authority and give the U.S. more leverage in negotiating trade deals.
Fashion industry trade groups hailed the move by lawmakers to advance legislation they argue is crucial to helping the U.S. wrap up negotiations on the Trans-Pacific Partnership pact between the U.S. and 11 countries.
Sens. Max Baucus (D., Mont.), chairman of the Senate Finance Committee, and Orrin Hatch (R., Utah), the ranking Republican on the committee, along with House Ways & Means chairman Dave Camp, introduced the bicameral legislation.
“The TPA legislation that we are introducing today will make sure that these trade deals get done, and get done right,” Baucus said. “TPA legislation is critical to a successful trade agenda. It is critical to boosting U.S. exports and creating jobs, and it’s critical to fueling America’s growing economy.”
The bill’s sponsors said the new TPA legislation would establish the authority for four years, with the option of extending it an additional three years, and tighten Congressional oversight, and includes updated trade-negotiating objectives such as addressing currency manipulation, promoting global value chains and strengthening consultations with Congress and the public. The authority, formerly known as “fast track,” expired in 2007 under President George W. Bush. Under TPA, Congress does not have the ability to amend trade pacts negotiated by the executive branch and can only vote yes or no on them.
“The sooner we restore trade promotion authority, the sooner the United States can restore its credibility in negotiating trade agreements that benefit U.S. workers and create jobs in the United States,” said Philip C. Williamson, chairman of the American Apparel & Footwear Association, and president, chief executive officer and chairman of Williamson-Dickie Manufacturing Co. “Without trade promotion authority, the United States risks leaving trade partners with the sense that our word at the negotiating table isn’t worth anything because the administration and Congress aren’t working in concert.”
Julia Hughes, president of the U.S. Fashion Industry Association, said, “The fashion industry relies on new markets for both imports and exports of inputs and finished products. TPA will allow these markets to be open for U.S. fashion businesses even sooner, and grow the economy and jobs in industries across the United States.”
Yesterday, the Parisian fashion house @azzaro_official cut the ribbon on a temeporary retrospective at the wing of the Musée des Arts Décoratifs in Paris. The exhibition, which shows the lasting influence of the brand’s founder Loris Azzaro, is titled “Azzaro, Fifty Sparkling Years” and presents 50 looks. In it’s ’70s heyday, fans of the brand included Jane Birkin, pictured here, Raquel Welch, Brigitte Bardot and more. See more photos on WWD.com #wwdfashion
@trinaturk and @macys Inc International Concepts line are linking up on a collection for summer — filled with accessories, swimwear and shoes. The collection will also include a Mr Turk men’s line, both of which are the designer’s first entry into a more accessibly priced area. “It’s very world-traveler, gypset-inspired,” said Turk. The Trina Turk x INC line will launch on May 15th. #wwdfashion
Assouline is paying homage to the late Azzedine Alaïa with a reprint of "Alaïa Livre de Collection.” The book is comprised of photographs of the designer's summer 1992 runway show with models Christy Turlington Burns, Naomi Campbell and Tyra Banks, pictured here at right. #wwdfashion #alaia #tyrabanks
Fall 2018 accessories take on a painterly hue, with Nebulas Blue among Pantone’s top 10 colors of the season. (📸: @jonghyupstudio ; editor: @twallz21 ; stylist and set designer: @haideefindlaylevin ) #wwdaccessories
@americanapparelusa is relaunching the brand outside of the U.S. today, opening its online store to more than 200 countries. The company is also contemplating a return to brick-and-mortar, though details have not been confirmed. In tandem with the expanded distribution is a recasting of a social media ad campagn, called “Back to Basics,” pictured here, with a focus on diversity and a cast of models above the age of 21. Read more on WWD.com #wwdnews #wwdfashion
Exclusive: @britneyspears is continuing to expand her brand. The pop icon, who appears in @kenzo ’s latest campaign, is partnering with Epic Rights to launch a line of branded merchandise. Read @hernameislex ‘s story, link in bio. #wwdnews #britneyspears
The Duchess of Cambridge channeled Princess Diana’s look upon giving birth to Prince Harry, when she and the Duke of Cambridge departed the hospital with the new baby Prince this afternoon in London. #wwdeye #princeofcambridge
The new Prince of Cambridge has arrived! The Duke and Duchess of Cambridge posed with the 8-pound newborn. She wore a look from one of her go-to designers, @jennypackham. Tap link in bio for more. #wwdeye #princeofcambridge