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Post by Noel Chan on Apr 9, 2014 22:07:21 GMT -6
Under Fast Track, trade agreements (Trade Promotion Authority, TPA).are submitted to the US Congress for an “up or down” vote, with no possibility to amend. In other words, individual members may vote to either approve or not approve the agreement, but they may not attempt to modify or change the agreement. They must vote on it “as is”. Fast Track authority is provided by the Congress to the Administration for specific, delineated periods of time. Previous Fast Track authority was granted in 2002 and expired in 2007, meaning that the Obama Administration needs Congress to once again approve Fast Track. Implementing legislation on Fast Track was introduced earlier this year, but was immediately met with lackluster support on both sides of the political aisle. Growing doubts in the US Congress over the actual benefits of free trade for the average American worker have made the passage of Fast Track all the more difficult. So, while US trading partners in Europe and the Asia Pacific continue to work diligently towards the conclusion of major free trade agreements with the US, they would be well-advised to closely monitor sentiment in the US Congress. Unless or until the prospects for Fast Track improve, two of President Obama’s hoped-for signature achievements could end up in the “Slow Lane.” Information source: the article written by Tradegood Policy Advisor - Stephen Olson
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Post by unlawflcombatnt on Apr 11, 2014 11:52:45 GMT -6
in the US Congress over the actual benefits of free trade for the average American worker have made the passage of Fast Track all the more difficult.... Unless or until the prospects for Fast Track improve, two of President Obama’s hoped-for signature achievements could end up in the “Slow Lane.” Information source: the article written by Tradegood Policy Advisor - Stephen OlsonEXCELLENT development. We don't need any more free traitor agreements, which do nothing more than replace American workers with cheaper foreign workers, dragging down American workers' wages, while increasing the Corporate profits for the super rich.
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