Arab Today, arab today us senate advances trade negotiating authority for obama
Last Updated : GMT 01:06:12
Arab Today, arab today
Arab Today, arab today

US Senate advances trade negotiating authority for Obama

Arab Today, arab today

Arab Today, arab today US Senate advances trade negotiating authority for Obama

Following days of obstruction from lawmakers in President Barack Obama
Washington - AFP

Following days of obstruction from lawmakers in President Barack Obama's own Democratic party, the US Senate advanced contentious legislation allowing him to swiftly finalize a landmark Pacific trade pact.

The 65 to 33 vote marked a victory for the White House and free-trade Republicans who had united in an effort to press ahead with Obama's biggest domestic legislative priority in the remaining 20 months of his presidency.

But it belied what may be a tough battle to get the divisive bill -- backed by big business but opposed by unions -- across the finish line and to the president's desk.

Thursday's vote merely opened debate on so-called "trade promotion authority," which would allow Obama -- and his successor -- to negotiate international trade accords and present them to Congress for a yes-or-no vote, with lawmakers prevented from making any changes.

The measure also provides assistance for US workers hurt by globalization, and sets 150 objectives for Washington to negotiate into the accords, including provisions on human rights.
Debate begins in earnest Monday, and a final Senate vote on TPA is expected next week.

Supporters argue that the 12-nation Trans-Pacific Partnership, and a US-Europe trade accord currently under discussion, would together create 1.4 million American jobs and level the playing field for US exports abroad.

Democrats blocked TPA from advancing Tuesday, arguing the bill ignored some of their priorities, including ensuring that American jobs were protected from unfairly priced imports.

But intense negotiations broke the impasse, and the Senate also voted Thursday to impose strict enforcement measures on international trade, including currency manipulation restrictions.

That bill now heads to the House of Representatives, where its chance of passage took a hit when Speaker John Boehner dismissed as "laughable" the prospect of Congress legislating currency valuations between countries.

The measure seeking to prevent some governments from manipulating their currency's value in order to gain trade advantage is aimed at Asian giants China and Japan.

The currency bill is "a shot across China's bow that we're not going to just sit there and do nothing," Democratic Senator Chuck Schumer said.

"Americans should not be patsies for other countries cheating," added Senator Sherrod Brown.

The bill also closes a child labor loophole, and beefs up other customs enforcement priorities including antidumping rules.

- No poison pills? -
The White House and Republican leaders had warned that including such a measure directly in the TPA bill could jeopardize the broader legislation and throw the entire Pacific accord into doubt.

"Under our plan, the Senate will avoid the poison pills that had been floated," while allowing senators "to express themselves without endangering more American trade jobs," Senate Majority Leader Mitch McConnell said.

But TPA itself will face opposition in the House, where Democratic leader Nancy Pelosi said members of her caucus were expressing "unease" with a potentially years-long process that could "provide carte blanche for agreements unknown, for countries to be determined, for a time in perpetuity."

Obama, speaking at Camp David outside Washington, thanked senators for beginning the TPA debate but acknowledged the difficulties in selling the trade deal to skeptical Democrats.
"I want to keep on trying to make the case and provide them the information they need to feel confident that despite the fact that there have been very genuine problems with some trade deals in the past, the approach that we're taking here I think is the right one," he said.

Obama stressed the trade accord, with partners as diverse as Japan, Vietnam and Chile, would be a victory not just for big US businesses, but small enterprises and "ultimately, American workers."

But independent Senator Bernie Sanders said the accord would only fuel US job losses.

"It will be a great program for them," Sanders said of American corporations. "It will only accelerate their ability to shut down plants in America and move to low-wage countries abroad."

 

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today us senate advances trade negotiating authority for obama Arab Today, arab today us senate advances trade negotiating authority for obama

 



Arab Today, arab today
Arab Today, arab today Fadi explains secrets of  Nancy Ajram's newlook

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook
Arab Today, arab today Tourist guide explains types of tourism

GMT 18:28 2017 Saturday ,25 February

Tourist guide explains types of tourism
Arab Today, arab today Expresses Algerian history by woody figures

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures
Arab Today, arab today Iran complying with nuclear deal

GMT 07:14 2017 Saturday ,25 February

Iran complying with nuclear deal
Arab Today, arab today Zainab al-Maliki reveals herTV presenter models

GMT 18:12 2017 Friday ,24 February

Zainab al-Maliki reveals herTV presenter models

GMT 05:58 2017 Saturday ,25 February

US new home sales rise in January

GMT 05:46 2017 Saturday ,25 February

Record unemployment in Brazil

GMT 05:33 2017 Saturday ,25 February

Indian wind power tariffs fall

GMT 05:27 2017 Saturday ,25 February

German construction sector grows
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Actress Lobna Abdel Aziz proud of her career

GMT 06:08 2017 Thursday ,23 February

Actress Lobna Abdel Aziz proud of her career
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 07:36 2017 Wednesday ,22 February

Wafaa Amer is happy for Sherihan’s return

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 20:33 2017 Friday ,17 February

To release new antiques collection

GMT 10:20 2017 Thursday ,23 February

Brazil's top diplomat resigns

GMT 11:54 2017 Thursday ,23 February

Saudis await visitors but will they come?

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday