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North American Free Trade Agreement

With fast-track authority, Obama must reassert U.S. leadership on trade

With fast-track authority, Obama must reassert U.S. leadership on trade

By agreeing to put new trade agreements on a fast track, Congress accomplished something far greater than critics of the legislation acknowledge. Since the last fast-track law expired in 2007, the Obama administration hasn't been able to close any major deals. Now the United States will be able to take the lead again on global trade policy, advancing distinctively American notions about how to give businesses a more level playing field on which to compete, consumers more choices of goods and services, and U.S. workers more protection at a time of rampant globalization. But the six-year fast-track bill also does less than its critics claim: It does not "grease the skids"...

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