Friday, April 3, 2015

President Obama faces tough sell in own party on trade deals

Obama
Obama

WASHINGTON, Mar 28 (Xinhua): For the first time in his six years in the White House, U.S. President Barack Obama is facing a tougher sell to his fellow Democrats rather than pro-trade Republicans as the administration steps up efforts to push for ambitious trade agenda this year.
The administration aims to conclude the Trans-Pacific Partnership (TPP) free trade talks with 11 other countries in the Asia-Pacific region and make substantial progress in the Trans- Atlantic Trade and Investment Partnership (TTIP) negotiations with the European Union in 2015, cementing a trade legacy before public attention shifts to the 2016 presidential election.
Which officials of the Obama administration have touted new trade deals with Asia and Europe as a means to create jobs and write the rules of international trade, many liberal Democrats and activists from labor unions remain skeptical, expressing concerns that past trade deals have hurt U.S. workers and increased income inequality.
“The administration’s focus now is the Trans-Pacific Partnership, but they have not done a very good job persuading the Congress. We’re seeing a lot of opposition in the Congress to the TPP and to the trade promotion authority (TPA),” C. Fred Bergsten, senior fellow and director emeritus of the Washington-based Peterson Institute for International Economics (PIIE), told Xinhua.
The TPA, also known as Fast Track, empowers the president to negotiate trade deals and then the president to negotiate trade deals and then the president to negotiate trade deals and then present them to Congress for up-or-down votes, with no amendments allowed. Without such authority, many trade analysts say, Obama’s hopes to enact trade deals before he leaves office would be doomed.
“I think the Obama administration has made very clear that they would like to see the passage of trade promotion authority before the conclusion of the Trans-Partnership,” said Jeffrey Schott, senior fellow at the PIIE who leads the institutional authority in this area.
Regarding prospects for the passage of TPA, Bergsten said, “It’s still somewhat up in the air more in the House than the Senate…. That’s were explaining the importance of trade to U.S. economy, the importance of trade to U.S. foreign policy, and why TPP, hopefully a broader agreement in Asia beyond that, is very much in U.S. interests.”
U.S. Trade Representative Mike Forman, Treasury Secretary Jacob Lew, Labor Secretary Tom Perez  and other cabinet officials have held several classified meetings with House Democrats on TPP negotiations in recent weeks, in a bid to boost support for the Democratic Party.

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