The Trans-Pacific Partnership and the Western Hemisphere Agenda
It won't be easy for the Obama administration to navigate passage of its signature trade agreement. Photo: Mark Nozell/Flickr

It won't be easy for the Obama administration to navigate passage of its signature trade agreement. Photo: Mark Nozell/Flickr

28th July 2016

By Eric Farnsworth, Vice President COA, Washington Office
Trade is never a popular topic in a presidential election year, but 2016 may prove to be an inflection point.  For the first time since the Depression, the presumptive candidates of both major political parties have spoken skeptically about trade, one even suggesting that he would renegotiate existing agreements including NAFTA.  Anti-trade sentiment in both Houses of Congress is growing, as the Bernie Sanders wing of the Democrat party expands, the traditional isolationist strain within the Republican party re-emerges, and the center disintegrates.  Ironically, trade is one topic that seemingly unites both sides of the political spectrum, even as the American public decries the deep divisions in Washington.  If George Carlin were still alive, by now he would surely have increased his list of dirty words from seven to eight.
The Obama Administration is attempting to navigate passage of its signature trade agreement, the Trans-Pacific Partnership, through this political maw.  It won’t be easy, with numerous observers predicting that the best time for passage may be in a lame-duck Congressional session after the November 8 elections.  If that particular window closes, the next best opportunity may not come around for several years.
This would be a significant setback for US policy in the Western Hemisphere.  Most analysts consider TPP to be an initiative focused on Asia, the economic leg of the Administration’s …

Click here : Log In To Read The Full Story
Subscribe to latin trade magazine
Click here to begin a subscription for Latin Trade magazine, available both in print and online.
Subscribe to lt.com
Click here to begin an online subscription to LT.com, with its extensive ranking, indices, and market intelligence on Latin America.
Subscribe to free Newsletter
Subscribe here to our free newsletter – getting the latest business headlines from Latin America in your inbox every day.
LOGIN
FOR READ MORE LOGIN
LOGIN
LOGIN
Forgot your password
SEND
READ MORE
Aenean sollicitudin, lorem quis bibendum auctor, nisi elit consequat ipsum, nec sagittis sem nibh id elit. Duis sed odio sit amet nibh vulputate cursus a sit amet mauris. Morbi accumsan ipsum velit. Nam nec tellus a odio tincidunt auctor a ornare odio. Sed non mauris vitae erat consequat auctor eu in elit.Aenean sollicitudin, lorem quis bibendum auctor, nisi elit consequat ipsum, nec sagittis sem nibh id elit. Duis sed odio sit amet nibh vulputate cursus a sit amet mauris. Morbi accumsan ipsum velit. Nam nec tellus a odio tincidunt auctor a ornare odio. Sed non mauris vitae erat consequat auctor eu in elit.

Access Denied

Please log in or register

Read Our Latest Issue

latintrade-followus-spanish
FOLLOW US