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White House likely to meet congressional resistance on free trade
By Admin Thursday, February 4, 2010President Obama is likely to meet with congressional roadblocks, if, as he promised in last week’s State of the Union address, he intends to pursue a policy “that opens global markets.”
In a little-quoted passage of the annual speech, Obama also promised to “strengthen our trade relations in Asia and with key partners like South Korea, Panama and Colombia.”
To flesh out what his boss meant in those cryptic references, deputy U.S. Trade Representative Demetrios Marantis expounded on trade policy in a morning-after speech before a gathering sponsored by the Center for Strategic and International Studies.
Key pillars of Obama’s trade policy, Marantis said, will include pursuing the Transpacific Partnership (TPP) — a proposed regional free-trade area to encompass the U.S., Brunei, Chile, New Zealand, Peru, Singapore, Australia and Vietnam — while also pushing ratification of the already-negotiated free trade agreements with South Korea, Panama and Colombia… more
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