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A Tale of Two Islands - Sequel February 17, 2014 11:00 AM | Tagged as Free Trade Zoellick

WSJ January 12, 2014 – "Leading from the Front on Free Trade" – by Robert Zoellick

As an apt sequel to this five part (now six part) discussion of free trade, Mr. Zoellick’s article explains much of our current situation on free trade in the US.

Congress has the ability (and has done so in the past) to provide the president of the United States TPA powers. That stands for Trade Promotion Authority, in which Congress provides guidelines to the executive branch to negotiate trade agreements with selected partners. The negotiated deal is then brought back to Congress for an "up or down" vote. No negotiations between executive and legislative branches. The key in TPA doctrine is for Congress to get the guidelines right, so the executive branch does not run amuk with political whims, like stringent and unrealistic environmental regulations being imposed on other countries.

Mr. Zoellick is an experienced trade negotiator. He was Bush 43’s trade representative, an ambassador level position. He successfully negotiated trade issues with China, Taiwan, Viet Nam, Jordan, among others. He was heavily involved with the last round of TPA. He is a voice to which we should listen.

Trade helps the normal citizens of our country. Only special interest groups fight against it. The vast majority of citizenry benefits from trade. If you have trouble with these principles, perhaps you should re-read A Tale of Two Islands. 

[The Biz Bucks Blog is primarily written to former students of Biz Bucks training courses to encourage their daily reading of the three opinion pages of the WSJ. This refreshes principles of Biz Bucks courses and improves business acumen on topics not discussed in Biz Bucks training.]



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