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Export-Import Bank Consistent With US Free-Trade Deals - Congressman

© Flickr / Andrew AlbertsonThe Australian parliament has issued a harsh verdict on the Trans Pacific Partnership trade deal currently being negotiated, calling it an "attack [on] internet freedoms" and seriously lacking in oversight, in a report released Monday.
The Australian parliament has issued a harsh verdict on the Trans Pacific Partnership trade deal currently being negotiated, calling it an attack [on] internet freedoms and seriously lacking in oversight, in a report released Monday. - Sputnik International
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US Congressman Joe Wilson claims that expanding free trade deals is consistent with providing credit incentives to foreign companies to do business with the United States.

WASHINGTON (Sputnik), Leandra Bernstein — Expanding free trade deals is consistent with providing credit incentives to foreign companies to do business with the United States, US Congressman Joe Wilson told Sputnik on Monday.

“They all complement each other,” Wilson said of US Export Import Bank, currently up for reauthorization, and prospective US free-trade agreements such as the Trans Pacific Partnership (TPP).

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The US Senate will likely be sending the House of Representatives a bill late on Monday, which will reauthorize the Export Import Bank. The bank, which provides incentives to foreign companies to do business with US companies, was shuttered on June 30, 2015 after Republicans in the House rejected the renewal of its charter.

“Trade is very important for me, so I will be voting… for all of the above,” Wilson said.

The Congressman added that his support for both the Export Import Bank and trade agreements like the TPP “are consistent.”

Some Republican opponents of the Export Import Bank have argued it provides an unfair, taxpayer-funded subsidy to a small number of companies. A number of Republicans have taken the ideological position that government assistance to US businesses it at variance with free market, free-trade principles.

The House will vote on the reauthorization of the Export Import Bank this week if it passes the Senate on Monday. The Export Import Bank reauthorization was included in a must-pass highway transportation funding bill.

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