February 25, 2014
OUR REPUBLICAN PRESIDENT:
Democrats must give Obama trade promotion authority (John Thune, FEBRUARY 25, 2014, Reuters)
Posted by Orrin Judd at February 25, 2014 6:13 PMGiving him trade promotion authority would put two large trade deals on a fast track to completion. [...]The trade agreements with 11 Asia-Pacific countries and the 28 European Union nations would open up access to one billion consumers around the globe. That could translate into thousands of new jobs and faster economic growth.This opportunity can only become reality, however, if the president has the authority to close the deals. Foreign nations won't put their best offers on the table if they believe Congress will renegotiate an agreement.Trade promotion authority, and the trade agreements it will enable, is the best way to bring down foreign barriers to U.S. products and services. Our market is already largely open to foreign imports. Shouldn't we demand that other nations return the favor?Fast-tracking trade agreements has another big benefit. It would promote the creation of high-paying, research-intensive jobs in the U.S. by better protecting intellectual property -- everything from life-saving medicines to cutting-edge software and computing -- of U.S. companies doing business overseas.
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