Friday, April 17, 2015

Fast track approval granted

American politicians have granted President Barrack Obama approval for fast-track trade negotiations with the Trans-Pacific Partnership nations.

Fast-track approval means politicians will vote either yes or no to any deal that emerges from the negotiations.

Without fast-track approval, the deal could be nit-picked by politicians. Other countries are unlikely to deal with the United States on that basis.

The political wars in Washington have become so intense and unreasonable that there were serious doubts whether the politicians would grant fast-track negotiating rights.

The National Pork Producers Council praised the politicians for granting approval, but the National Farmers Union President Roger Johnson complained that a trade deal will be “a one way ticket to bigger trade deficits, more lost jobs and more economic devastation to America’s family farmers and ranchers.”

Obama's negotiators have been meeting with the Japanese team, trying to clear sensitive issues before the Trans-Pacific Partnership heads into another big meeting before the end of the month.