Passage of Fast-Track Authority Not Guarantee of TPP Deal - US Senator

© AP PhotoA placard during a rally against the Trans-Pacific Partnership (TPP)
A placard during a rally against the Trans-Pacific Partnership (TPP) - Sputnik International
Subscribe
The passage of the fast-track Trade Promotion Authority (TPA) by the US Senate on Wednesday, the eleven nation Trans-Pacific Partnership (TPP) free trade agreement is not a done deal, US Senator Sherrod Brown told the press.

WASHINGTON (Sputnik) — On Wednesday, the Senate voted 60 to 38 to send the TPA to be signed by President Barack Obama.

The legislation fast-tracks the US president's authority to negotiate free trade agreements without the Congress being able to amend them.

“TPP is absolutely not a foregone conclusion.”

Demonstrators protest against the legislation to give US President Barack Obama fast-track authority to advance trade deals, including the Trans-Pacific Partnership (TPP), during a protest march on Capitol Hill in Washington - Sputnik International
Trans-Pacific Partnership Agreement Possible in July
The TPP negotiations have been ongoing for the past decade, but the contents of the prospective agreement have not been made public.

Brown described the current outline of the TPP as “another trade agreement that costs US jobs.”

The Senate also approved legislation for Trade Adjustment Assistance (TAA) that must be sent back to the House of Representatives.

TAA guarantees subsidies for US workers who lose their jobs as a result of free-trade agreements. President Obama has stated he will not sign a fast-track bill without the TAA.

Newsfeed
0
To participate in the discussion
log in or register
loader
Chats
Заголовок открываемого материала