Congress introduces Obama fast-track authority on global trade pacts like TPP

By RT USA –

Congressional leaders on the US trade policy have introduced legislation that would grant President Barack Obama “fast-track authority” to enact three looming global trade accords, including the controversial Trans-Pacific Partnership.

House Ways and Means Committee Chair Dave Camp (R) and top Senate Finance Committee members Max Baucus (D) and Orrin Hatch (R) on Thursday unveiled the Trade Priorities Act of 2014 that would require a simple up-or-down vote on major trade deals without the opportunity to offer amendments to pertinent bills.

“The [Trade Priorities Act] legislation we are introducing today will make sure that these trade deals get done, and get done right,” Sen. Baucus said in a statement. “This is our opportunity to tell the administration – and our trading partners – what Congress’s negotiating priorities are.”

The Obama administration is seeking the heightened authority in trade deals, allowing the Executive Branch to smooth congressional negotiations on accords. The two major deals, both long in the works, that are likely to be subject to such legislation are the 12-nation Trans-Pacific Partnership (TPP) and the 28-nation pact with the European Union, the Trans-Atlantic Free Trade Agreement (TAFTA). The deals would establish the world’s largest so-called free-trade zones.

 

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