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Are There Rules for Trade?by Laurence M. VanceJun. 05, 2015 |
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 Barack Obama has been lobbying Congress for Trade Promotion Authority (TPA), also known as “fast-track authority,” so the executive branch can work in secret on trade deals before submitting them to Congress for a quick up-or-down vote with limited time for debate, no provision for amendments, and no possibility of a Senate filibuster. The president has made passage of the Trans-Pacific Partnership (TPP) and the Transatlantic Trade and Investment Partnership (TTIP) a top priority of his second term. The TPP is a proposed trade agreement between the United States and the Pacific Rim countries of Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, and Vietnam. The TTIP is a proposed trade agreement between the United States and the 28 member states of the European Union. Opponents of these two managed-trade agreements have referred to them as “ObamaTrade” and “NAFTA on steroids.” Read More 
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