Gov. Pete Ricketts praises Congress for passage of Trade Promotion Authority, otherwise known as fast-track trade authority.
“This is all very, very good news for Nebraska to be able to grow our markets, be able to expand our opportunities to create jobs and so I’m pleased that the Senate passed it,” Ricketts tells Kevin Thomas, host of Drive Time Lincoln on Nebraska Radio Network affiliate KLIN.
Ricketts says passage comes at a good time for the state, immediately after Ricketts’ trade mission to Europe.
“One of the reasons we were on the trade mission was to expand our markets overseas, the opportunity for us to be able to send more of our products here in Nebraska to other customers and thereby grow our economy and create more jobs,” Ricketts says. “And, some of the things we were in Europe to discuss were non-tariff trade barriers, some of the issues they have in the EU that block our products from coming in.”
Nebraska exports approximately $9 billion in goods and services annually, $7 billion from the agricultural sector.
Ricketts says increased trade is needed for Nebraska to grow its economy, especially the agricultural sector which relies on trade to foreign countries.