Skip to comments.'Three Amigos' Outline Trade Goals at Talks
Posted on 02/20/2014 12:27:31 PM PST by BenLurkin
The trilateral meeting, an annual summit that marks a rare chance for the U.S. government to focus on its neighbors, likely disappointed all sides. That is because Mr. Obama arrived at the summit hamstrung in what he could deliver, because of domestic political pressure that has blocked progress on issues including free trade, energy and immigration, analysts say.
At the top of the list is the proposed Trans-Pacific Partnership, a proposed free-trade deal that would link the North American Free Trade Agreement countries, Chile and Peru with a host of Asian-Pacific economies including Japan, Malaysia, Singapore and Australia. Canada and Mexico are especially eager to diversify their exports away from the U.S.
Obama faces resistance to his trade agenda from senior Democrats, including Senate Majority Leader Harry Reid (D., Nev.), House Minority Leader Nancy Pelosi (D., Calif.) and others, who are likely to delay or derail any approval for so-called fast-track authority that would allow the pact to be negotiated by the administration and voted up or down by Congress.
At an evening news conference, Mr. Obama said he reassured his North American counterparts in their TPP discussions that many in his party supported trade and "we'll get this passed if it's a good agreement."
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Do a job impact study before we get screwed again with another deficit.