House votes on Obama’s ‘fast-track’ authority to negotiate Trans – Pacific trade deal

U.S. President Barack Obama (Reuters / Jonathan Ernst)

U.S. President Barack Obama (Reuters / Jonathan Ernst)

The House is getting ready to vote on a controversial “fast-track” trade bill that if passed will grant President Barack Obama more authority in negotiating a Trans-Pacific Partnership (TPP) trade deal.

It is now the House of
Representatives’ turn to hold its final vote on the so-called
“fast-track” trade bill on Friday. In May, the senate approved it
in a 62-37 vote.

The deal has been a sort
of a cliffhanger for President Obama. He’s been scrambling to
gain support from his own democratic party, even his most staunch
supporters the Illinois Democrats, who aren’t backing the
Trans-Pacific Partnership trade pact, except for one
member.

The president is expected to make a trip to the Hill, which he
rarely does, to secure more support for the deal. He needs to get
around 20 Democratic votes.

Obama also made a last-minute, unscheduled appearance at the
congressional baseball game on Thursday night.

If passed by the House , the legislation will give the US
president the power to negotiate trade pacts with other countries
and submit them to Congress, without lawmakers being able to
introduce amendments to them.

READ MORE: ‘Profits over public health’: Secret
TPP Healthcare Annex published by WikiLeaks

The bill aims to implement the Trans-Pacific Partnership – a
trade deal that would link 40 percent of the world’s economy.

Along with the United States, 11 other countries have taken part
in TPP negotiations: Australia, Brunei, Canada, Chile, Japan,
Malaysia, Mexico, New Zealand, Peru, Singapore, and Vietnam.

The most notable issue about the deal is that it would exclude
China and serve to counter its growing economic and diplomatic
influence in the Asia-Pacific region.

READ MORE: Corporations shell out $1.2mn in
Senate contributions to fast-track TPP

The bill supporters claim the deal will promote innovation and
enhance trade.

“TPP is good for American businesses and American
workers…we will make the case on the merits as to why it will
open up markets for American goods, American exports, and create
American jobs,”
Obama said in a statement on April 28.

“China is negotiating seven agreements right now, including
one with 16 countries, “
said Paul Ryan (R-Wisconsin).
“In the global economy, if you are standing still, you are
falling behind. “

However, TPP opponents say it would put American manufacturing
jobs at risk. Labor unions have already warned Democrats they’ll
lose support from the left if they support the legislation.

“Our members knocked on doors for you. They donated to
you,”
Ben Wikler, Washington director for MoveOn public
policy advocacy group, told the Hill. “They are watching this
vote, and they will not forget how you vote on fast-track.”

Source Article from http://rt.com/usa/266773-obama-vote-authority-republicans/?utm_source=rss&utm_medium=rss&utm_campaign=RSS

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