USA: Pepsico Vice Chairman Enrico To Lead GMA Efforts To Secure Trade Promotion
Enrico will serve as GMA's industry envoy about the benefits of international trade and the critical need for TPA in order to secure vital trade deals such as the Free Trade Area of the Americas and the next round of World Trade Organization talks.
"President Bush has made a compelling case for Congress to act on Trade Promotion Authority this year," said Stephen W. Sanger, chairman and CEO of General Mills, Inc., and chairman of the GMA Board of the Directors. "Roger's longstanding interest and expertise in international trade issues makes him an excellent choice to lead our efforts to communicate GMA's strong support of Trade Promotion Authority."
"Processed foods and beverages clearly is one of the fastest growing U.S. export
categories," said Roger Enrico. "But our industry is faced with complex tariff
barriers tend to limit our ability to grow. Trade Promotion Authority will be
a shot in the arm for new free trade deals and should spark meaningful progress
in WTO talks."
TPA, formerly known as fast track, is viewed by GMA as an essential element of a successful US trade policy. It establishes a partnership between the Administration and the Congress that protects trade agreements from amendment by requiring an "up or down" vote by Congress.
With TPA, the Administration can assure trading partners that commitments made during negotiations will be honored when Congress considers legislation. Without TPA, it is unlikely that trading partners will put forth meaningful offers for fear concessions made in negotiations will be withdrawn later.
A top priority of GMA since the authority was allowed to lapse in 1994, securing TPA is a key part of future growth of the food and consumer products industry. A central part of GMA's strategy to help pass TPA will be active participation as a steering committee member of USTrade, a broad-based coalition of more than 350 agriculture, consumer, high-technology, manufacturing and service organizations.
Food and drink company Pepsico is to close its Walkers snack factory in Swansea, in South Wales, with the loss of 250 jobs, reports the BBC....
Rumours of a bid by PepsiCo for Danone sent the French dairy firm's shares soaring, but led to an outcry among French politicians worried about the loss of a 'national champion'. PepsiCo's insistence ...
US drinks company Pepsico has told the French regulator AMF that it is not preparing a takeover of food company Danone, French newspaper Les Echos said in its edition to be published on Monday, accord...
US cereal company General Mills has reported rises in sales and profits for the 2005 financial year, but fourth quarter sales were down....
General Mills' latest advertising campaign aims to raise children's awareness of the importance of breakfast. However, although the company is hoping to be seen as a champion of children's health, it ...
Cereal Company General Mills has announced a new non-branded children's television health advertising campaign designed to communicate the benefits of breakfast....
US food company General Mills is investigating a report that its ice cream unit Haagen-Dazs has been making ice-cream cakes for retail outlets in China at an unauthorized, underground factory, accordi...
The Grocery Manufacturers Association has announced that Richard H Lenny, chairman, president and CEO of The Hershey Company has been elected as the new chairman of the its board of directors for a tw...
- Does Kraft Heinz want to swallow Unilever whole?
- Focus: Nestle CEO plan to balance sales, earnings
- US food next wave on display at Winter Fancy Food
- Comment: Meal kits in US - don't believe the hype
- Why Reckitt Benckiser moved for Mead Johnson
- Kraft Heinz pursuing Unilever in takeover move
- Kraft Heinz pulls Unilever bid
- General Mills issues profit warning
- Kerry operating earnings strengthen on slow sales
- Kerry Group staff in Ireland suspend strike action