The United States Resumed The Fast Track Of Trade And Won The Support Of The Leather Association And Other Institutions.

At present, the United States is fighting fiercely on whether to give the White House the "T PA". The "trade promotion Authorization Act" is also known as the fast lane of trade. The fast track was first approved in 1974 and continued until 1994. In 2002, Bush reclaimed the privilege until 2007. After Obama was elected, in November last year, 151 Democrats wrote to Obama for more power in the trade negotiations, but Obama expressed support for the fast track of trade.

In the first term of office after Obama was elected president, the most urgent task facing us is to revive the US economy under the impact of the financial turmoil. Its trade policy is also focused on domestic needs and is not very important to trade globalization. At that time, Obama even showed that he intended to weaken the "trade promotion power" enjoyed by the president of the United States, so that Congress could play a greater role in choosing the object of negotiation.

But with the passage of time, the shadow of the financial crisis is fading away. The US's return to Asia is the negotiation of the trans Pacific Strategic Economic Partnership Agreement (T PP). The United States hopes to promote the establishment of the world's largest free trade area across the Pacific. The T PA act, which failed in 2007, is crucial for Obama to achieve the second ambitious trade targets. Obama's agenda includes a comprehensive trade agreement with the European Union and 11 Pacific countries, namely, TPP, and the European and American trans the Atlantic trade and investment partnership agreement TTIP, all of which are related to trade. In the history of the United States, such two major trade agreements are in the negotiations at the same time, the first time in many years. Obama began to push forward the legislative process so as to prompt the US Congress to pass all trade agreements quickly. From this we can see Obama's eagerness and longing for the fast track of trade.

US domestic support Trade fast lane There is no shortage of people. Last year, congressional aides said the main negotiators of the Senate and house of representatives had agreed on a bill that would simplify the White House's approval of foreign trade agreements. Senate Finance Committee Chairman Marx Baucus, chairman of the house fundraising committee D aveCam P and Senator O rrinH atch jointly signed the agreement, and in January 9th this year, the bill will be submitted to the Congress for discussion.

Max Baucus is a Democratic congressman from Montana and chairman of the Senate Finance Committee. He is a member of the Democratic Party's advocacy of trade liberalism and a supporter and designer of T PA. In January 9th, the motion called Camp-Baucus by the US media was to fight for the "fast lane" power for the White House. Baucus has been nominated by Obama as the US ambassador to China and will soon replace Luo Jiahui. In the face of the new situation, Baucus put forward the motion, it is not difficult to see its urgent mood.

The Camp-Baucus bill, which has been up to more than 100 pages, has caused a great stir in the US business community. Supporters are numerous, and the opposition is continuous and lively.

　　 Fashion and Apparel Group Both retailers and retailers expressed their support. Retail industry Leather Association The bill will help push forward the ambitious trade process in the United States, give the Congress clear consultations, promote the competitiveness of the United States and participate in the global value chain. The American Apparel and Footwear Association says the resumption of trade fast track will maintain the credibility of the United States in trade agreements. Without such a mandate, the US Congress can modify the terms that have been agreed upon, and knowing that the terms may be changed by Congress, trade negotiations partners may be hesitant in making important concessions. The National Retail Association also expressed its support.

The chemical Council of the United States also expressed its agreement on the authorization of trade fast lane, which is of great importance to the growth and competitiveness of the chemical industry in the United States. The US chemical industry is one of the main export industries in the United States. Reducing and removing trade barriers and opening up new markets are of great significance to them. The Council expects us chemical industry exports to grow by US $about 200000000000 this year and increase by 8% annually by 2018. Therefore, both TPP and TTIP are important.