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. Senate pushes Obama’s Pacific Rim trade pact forward
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
Quest for fast-track trade bill defeated for now in U.S. House
Washington | Reuters –– The U.S. House of Representatives on Friday delivered a blow to President Barack Obama’s signature goal of strengthening ties with Asia but could try again as soon as Tuesday to reverse defeat of a measure central to a Pacific Rim trade pact. In a dramatic vote, Obama’s own Democrats, as well […] Read more
Supply-managed sectors bolster defenses against TPP
Reuters — Canadian farmers are stepping up their campaign against a nearly complete Pacific trade pact they fear will destroy protections for local dairy, egg and chicken producers and endanger jobs. Farmers in Quebec, which produces 40 per cent of Canada’s dairy products, ran full-page newspaper advertisements on Tuesday warning Trans-Pacific Partnership (TPP) negotiations threaten […] Read more
Fast-track trade legislation passes U.S. Senate hurdle
Washington | Reuters — U.S. President Barack Obama’s signature Asian trade push cleared another hurdle in the U.S. Senate on Thursday after a knife-edge vote moved the White House closer to gaining the power to speed trade deals through Congress. Senators voted 62-38 to give Obama a major victory and set up a speedy decision […] Read more
Canada says will defend dairy protection at TPP talks
Ottawa | Reuters — Canada will continue to defend its system of tariffs and quotas that protect dairy farmers, a senior official said on Monday, in comments that could worry nations negotiating a Pacific trade treaty. Canada is under pressure at talks to create a Trans-Pacific Partnership (TPP) because concessions sought by the other 11 […] Read more
Election timing puts Tories in bind on Pacific trade talks
Ottawa | Reuters –– Canada is facing a tough squeeze at talks on a major Pacific trade treaty because the concessions other nations want it to make could cause serious problems for the governing Conservatives in this October’s general election. Canada, one of 12 nations aiming to create the Trans-Pacific Partnership (TPP), is under pressure […] Read more
Canada risks being sidelined in TPP trade deal, Vilsack says
Istanbul | Reuters — Canada risks getting left behind in a 12-nation Pacific trade deal because it has been reluctant to negotiate opening its markets, U.S. Agriculture Secretary Tom Vilsack said Thursday. Vilsack also told Reuters that longstanding disagreements with Japan over rice exports would not threaten the Trans-Pacific Partnership (TPP) and that the U.S. […] Read more
Trans-Pacific ministers’ meeting set for May 26-28
Mexico City | Reuters –– A ministerial meeting aimed at working toward a deal for the 12-nation Trans-Pacific Partnership (TPP) trade pact has been set for May 26-28, the head of Chile’s trade body said on Thursday. “The meeting is agreed, from the 26th to the 28th of May,” said Andres Rebolledo, head of the […] 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
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