Washington | Reuters –– U.S. lawmakers approved legislation key to securing a hallmark Pacific trade deal by a comfortable margin on Wednesday, advancing President Barack Obama’s efforts to strengthen U.S. economic ties with Asia. After a six-week congressional battle including two brushes with failure, some fancy legislative footwork and myriad backroom deals to keep the […] Read more
Tag Archives trade promotion authority
U.S. Congress victory may move Pacific trade pact forward
U.S. Senate pushes Obama’s Pacific Rim trade pact forward
Washington | Reuters — U.S. President Barack Obama’s call for “fast-track” trade negotiating authority to help him strike a Pacific Rim deal cleared a key hurdle in the U.S. Senate on Tuesday, paving the way for a final vote on the legislation Wednesday. On Wednesday, the Senate was likely to vote to grant Obama the […] Read more
U.S. House win revives Obama’s Trans-Pacific trade pact
Washington | Reuters — U.S. lawmakers narrowly approved legislation key to securing a hallmark Pacific trade deal on Thursday, partly reversing a defeat less than a week before, in a boost to President Barack Obama’s goal of strengthening U.S. economic ties with Asia. The House of Representatives voted 218 to 208 to give the White […] Read more
Fast-track avoids ‘mistakes from our past’ on trade: Obama
Washington | Reuters –– U.S. President Barack Obama on Thursday praised a bipartisan bill that would fast-track trade deals through Congress, urging lawmakers to pass it quickly so his administration can advance a trade pact with Pacific nations. “The bill put forward today would help us write those rules in a way that avoids the […] Read more
U.S. hog farmers see ‘significant progress’ in Trans-Pacific talks
Washington | Reuters –– U.S. pork producers on Monday hailed “significant progress” in Asia-Pacific regional trade talks and urged lawmakers to give the White House authority to fast-track trade deals, a sign that a deadlock with Japan may be softening. An impasse between the U.S. and Japan, the two biggest economies in the 12-nation Trans-Pacific […] Read more
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