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PCI Trade Blog

Trade Promotion Authority

Fast Track Opponents are Off-Track in Maligning Multinationals

Last Friday, as the Senate prepared to wind up its debate over TPA (also known as “Fast Track”) legislation, Minority Leader Harry Reid (D-Nevada) took to the floor to reiterate his opposition:
 
“In looking at trade bills that have passed in Congress in the years past, it’s not going to help the people I want to help.  I’m happy that multinational corporations are doing well, but my first goal is not them.  It’s people who work for a living.”
 
The Senate approved the legislation, but prominent Democrats in the House of Representatives, where the TPA bill will face a tougher battle, share Sen.

Money and Spanking: The Quest for Enforceable Currency Rules

After years of political wrangling over whether Congress should enact strong measures to counter exchange rate manipulation by China or other countries, a donnybrook is brewing in conjunction with congressional consideration of new Trade Promotion Authority (TPA). The outcome could determine the fate of major trade negotiations. 
 
Whatever the merits, if enforceable exchange rate disciplines become a principal U.S. negotiating objective at this stage, prospects for concluding a Trans Pacific Partnership or Transatlantic Trade and Investment Partnership agreement would be thrown into greater doubt.

Focus on the "M" in SMEs





Focus on the “M” in SMEs
Kathryn Hauser
November 24, 2014
 
As the United States and European Union continue negotiations on the Transatlantic Trade and Investment Partnership (T-TIP), priority is being given to the impact of an agreement on small and medium-sized enterprises (SMEs).  Indeed, an entire chapter of the T-TIP negotiating text is devoted to the particular challenges that American and European SMEs face in navigating the maze of regulations and obstacles to trade across the Atlantic.

Resetting T-TIP: Three Points for Reflection

Resetting the T-TIP: Three Points for Reflection
 
It’s great news that USTR Michael Froman and the new EU trade commissioner, Cecilia Malmström have agreed to meet in mid-December to evaluate progress on T-TIP and “reset” the direction of these important talks.  As they prepare for their first face-to-face meeting, I suggest three important issues for reflection.
 
1.             History offers some perspective: The Williams Commission

It's a Partnership, Stupid!

It’s aPartnership, Stupid!
By Kathryn Hauser
October 7, 2014
 
Trade negotiators from the United States and the European Union just met in Washington last week for the seventh round of negotiations on the Transatlantic Trade and Investment Partnership (T-TIP).  I participated in the so-called Stakeholder Consultation that the two negotiating teams had arranged for -- and came away with the sense that the negotiators have lost their way. 
 
As somebody who has long been involved in, and advocated for, an intensifying transatlantic business relationship, I do not say this lightly.

The Honeymooners and Trade Policy





The Honeymooners” and the State of Play on U.S. Trade Policy
 
by Kathryn Hauser
 
As Congress prepares to depart Washington for the August break, they leave behind a huge amount of unfinished business.  The image that comes to mind is a scene from the old sitcomThe Honeymooners,featuring Jackie Gleason and Art Carney as Ralph Kramden and Ed Norton, respectively. 
 
Ralph, a bus driver, is the underdog who struggles to make a better life for himself and his wife but fails because of his own shortcomings.

Thoughts on TPA and T-TIP

Some Thoughts on TPA and T-TIP
 
 
As Congress considers the bill to renew Trade Promotion Authority (TPA), which was introduced on January 9 by a bipartisan group led by Senators Max Baucus (D-MT) and Orrin Hatch (R-UT) and Representative David Camp (R-MI) as the “Congressional Trade Priorities Act of 2014,” one question worth asking is how this bill may affect the U.S.-EU negotiations on the Transatlantic Trade and Investment Partnership (T-TIP). Senate Majority Leader Harry Reid (D-NV) has signaled that President Obama should not expect to get new TPA anytime soon.
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