Dr Oadi
Footballguy
WASHINGTON -- Congress tax committees announced an agreement Thursday to speed through a bill to give President Barack Obama the fast-track authority that he will need to push mammoth new trade deals through Congress.
While many believed a deal was in the works, news that it was actually done came as a surprise to members of both the House Ways and Means Committee and the Senate Finance Committee, which had been called to a hearing on the deal less than 12 hours earlier.
The fast-track authority would likely pave the way for both the controversial Transatlantic Trade and Investment Partnership agreement with the European Union and the Trans-Pacific Partnership with a dozen Asian nations. Both deals are vastly larger than NAFTA, and would involve about two-thirds of the entire worlds economy. Currently, the United States has trade agreements covering just 10 percent of world trade.
http://www.huffingtonpost.com/2015/04/16/fast-track-trade_n_7078804.html
While many believed a deal was in the works, news that it was actually done came as a surprise to members of both the House Ways and Means Committee and the Senate Finance Committee, which had been called to a hearing on the deal less than 12 hours earlier.
The fast-track authority would likely pave the way for both the controversial Transatlantic Trade and Investment Partnership agreement with the European Union and the Trans-Pacific Partnership with a dozen Asian nations. Both deals are vastly larger than NAFTA, and would involve about two-thirds of the entire worlds economy. Currently, the United States has trade agreements covering just 10 percent of world trade.
http://www.huffingtonpost.com/2015/04/16/fast-track-trade_n_7078804.html
Last edited by a moderator: