Baucus Makes Trade Adjustment Assistance Renewal a PriorityWednesday, April 10, 2013
(American Meat Institute)
Senate Finance Chairman Max Baucus (D-MT) is
planning a fresh effort push for renewed
fast-track trade negotiating authority.
At a recent hearing, Baucus explicitly linked
trade promotion authority (TPA), which provides
for expedited consideration of trade deals,
with trade adjustment assistance (TAA), which
aids workers displaced by global trade.
"TPA and TAA are two sides of the same coin -
making trade work," Baucus said. "We need to
renew and extend both of them this
U.S. negotiators are hopeful about concluding the Trans-Pacific Partnership agreement with almost a dozen Pacific Rim countries this year and with the European Union. If U.S. negotiators are able to finalize those agreements, they must go through congress for approval. With such a divided congress, fast-track trade negotiating authority is a hot topic in Washington.