7 million restaurant and retail jobs in the U.S supported by trade
WASHINGTON, 2015-6-15 — /EPR Retail News/ — The National Retail Federation issued the following statement from Senior Vice President for Government Relations David French on today’s votes in the House, jeopardizing final congressional approval of Trade Promotion Authority legislation, which provides a legislative framework for consideration of international trade agreements:
“The vote in the House of Representatives that puts final congressional passage of Trade Promotion Authority (TPA) in jeopardy is a victory for those with a narrow agenda that puts petty politics ahead of people, while jeopardizing the futures of millions of men and women in America, both those with jobs striving to grow the middle class and those seeking jobs that can only come with a robust economy.
“It is nothing short of astounding that in the 21st-century anyone would think it is in our country’s best interest to sit back and let foreign governments dictate our role in a global marketplace.
“We are not just disappointed that isolationist fear mongering and political threats carried the day, we are genuinely concerned for the seven million restaurant and retail jobs that are supported by trade as well as the continued viability of the businesses that employ them. As this debate moves forward, make no mistake, the world is watching.”
NRF is the world’s largest retail trade association, representing discount and department stores, home goods and specialty stores, Main Street merchants, grocers, wholesalers, chain restaurants and Internet retailers from the United States and more than 45 countries. Retail is the nation’s largest private sector employer, supporting one in four U.S. jobs – 42 million working Americans. Contributing $2.6 trillion to annual GDP, retail is a daily barometer for the nation’s economy. NRF’s This is Retail campaign highlights the industry’s opportunities for life-long careers, how retailers strengthen communities, and the critical role that retail plays in driving innovation. nrf.com
Stephen E. Schatz