The Story Behind The Launch Of The "Trade Fast Track Authorization" In The US

Recently, the United States launched "

"Bill" and a series of initiatives are still looking at the current international economic pattern in the Cold War mentality, so that the "p Pacific Partnership" will become a major platform for the United States to compete with China in the Asia Pacific region.

In fact, "p Pacific Partnership" and Asia Investment Bank are all serving the international economic development. Let the cold war thinking dominate the foreign trade strategy, only let the us miss the development opportunities, and ultimately the gains will not be worth the candle.

On April 16th, Hatchie, chairman of the Senate Finance Committee, Weeden, chairman of the house of Representatives, and Ryan, chairman of the house fundraising committee, launched the 2015 bipartisan trade priority and responsibility bill, which is the latest version of the trade fast lane authorization (TPA) act.

On the afternoon of April 23rd local time, the TPA bill passed smoothly in the US Senate Finance Committee.

Local public opinion is expected that although some members will be highly opposed, the bill will not be too long after the completion of the house process.

After 8 years,

Finally, it is expected to win the "trade fast track authorization" of Congress again.

This seemingly ordinary congressional bill starts to convey a strong signal that the US is looking forward to making substantial progress in the negotiations between the "p Pacific Partnership" (TPP) and the "p the Atlantic trade and investment partnership agreement" (TTIP) negotiations.

The passage of the bill may stimulate the adjustment of a new round of global economic and trade pattern. In particular, we need to pay attention to the fact that the new round of economic and trade structure may face the risk of distortion at the beginning of the adjustment.

The so-called "trade fast lane authorization" refers to the "trade promotion Authorization Act", that is, the trade agreement reached by the US Congress on the White House with other countries, which can only be rejected or passed as a whole, and no modification can be made.

This forced mechanism has forced a large number of congressional members who are deliberately "picking on" to be forced to release their political losses when considering the veto vote, thus greatly improving the possibility of trade agreements going through the Congress, making the US economic and trade negotiation opponents more willing to make key concessions, and also strengthening the initiative of the government in implementing its foreign trade strategy.

The TPA bill was launched quickly in Congress, though it was related to the pro business Republican Congress, but the most direct factor was the stimulation of the us part of its forces by the development trend of international trade and economic liberalization such as Asia Investment Bank.

Since Obama proposed the strategy of doubling foreign trade, the two major free trade agreements between TPP and TTIP have become the two pillars of the new round of foreign trade strategy in the United States.

However, due to the government's delay in obtaining the "fast track authorization", the US and Japanese negotiations in the last big area of TPP were forced to stagnate.

At a time when world economic growth is weak, promoting free trade agreement negotiations can really stimulate consumption, increase employment and encourage enterprises to expand spending.

According to authoritative data, TTIP and TPP can increase the annual output value of the world by 600 billion US dollars, and the added value to the US GDP will reach US $200 billion.

The US Congress accelerated the launching of the trade promotion bill at this time. The practical purpose is obvious.

What needs to be seen is that behind this series of initiatives in the United States is still developing with the cold war thinking of the current international economic pattern, which is undoubtedly a distortion.

Countries have joined

The process of creation has been viewed by some American conservatives as a challenge to the US Asia Pacific strategy. It is believed that TPP can become a major platform for the United States to compete with China in the Asia Pacific region. Therefore, it is eager to promote the Obama administration to accelerate the layout of the Asia Pacific Economic and trade.

For example, US Secretary of defense Carter recently called for the completion of the TPP negotiations as soon as possible. TPP is the most important part of the Obama administration's Asia Pacific rebalancing strategy and has "strong strategic implications".

More importantly, TPP is the cornerstone of the Obama administration's Asia Pacific strategy. The completion of the TPP negotiations is not only a major economic achievement, but also the key to the successful implementation of the Asia Pacific geopolitical strategy.

In fact, both TPP and Asia Investment Bank are international economic organizations. They should serve the international economic development and cooperate and complement each other to push forward the new round of international economic liberalization and accelerate the progress of the world.

But if some conservative forces in the United States are bent on their own way, letting the Cold War mentality dominate the US foreign trade strategy will not only distort the new round of liberalization of international trade and economy, but also make the United States miss the opportunity to develop its own economy, and ultimately the gains will outweigh the gains.

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