What Will Be the United States Priorities for Trade Negotiations?
Members of Congress allowed the President’s trade promotion authority to expire almost two years ago, right after the signing of the KORUS FTA. There’s little likelihood that that authority will be renewed soon, in part because there are few opportunities for new bilateral trade pacts going forward in the near term. The list of countries that want to negotiate with the United States is now very small. Our previous FTA policy has run its course. The countries that are still interested in an FTA with the United States primarily want a deal to enhance the bilateral political relationship, and that goal can be addressed through means other than trade pacts. The one negotiation that the Obama administration may give priority to is the Doha Round, for several reasons. First, as I said before, Obama is interested in bolstering multilateral initiatives and ensuring the viability of the multilateral negotiating process. If the Doha Round were allowed to fail, it would be the first failed negoti
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