TPP: What opposing Democrats want
Obama was able to win the fast-track negotiating authority for the mega free-trade pact only because he had rare backing from the Republicans in Congress.
Washington, DC
THE United States Congress has now given President Barack Obama so-called fast-track negotiating authority to conclude the Trans-Pacific Partnership (TPP), the proposed mega regional free-trade agreement among the US and 11 other countries.
But Mr Obama's victory was not an easy one: Members of his own Democratic Party overwhelmingly opposed fast-track authority, which limits Congress to a single up-or-down vote on finished trade agreements, thereby ruling out amendments.
TRENDING NOW
Early payout from Philippines’ Maharlika Investment Fund raises eyebrows over its true nature
JustCo takes over master tenancy at OG Orchard Point building with push into co-living market
How China outgrew Singapore’s F&B brands
E-commerce job cuts signal S-E Asia’s shift from scaling to deeper user engagement