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.”
Senate approved the legislation, but prominent Democrats in the House
of Representatives, where the TPA bill will face a tougher battle, share Sen.
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
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
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 the T-TIP: Three Points for
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
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.
who has long been involved in, and advocated for, an intensifying transatlantic
business relationship, I do not say this lightly.
Honeymooners” and the State of Play on U.S. Trade Policy
by Kathryn Hauser
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.
bus driver, is the underdog who struggles to make a better life for himself and
his wife but fails because of his own shortcomings.
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.