Cabinet Officials Urge Progress on TTIP, TPP Negotiations
U.S. and European negotiators should not allow U.S. congressional opposition to Trade Promotion Authority (TPA) to deter focus on achieving an ambitious outcome in the Transatlantic Trade and Investment Partnership, said Secretary of State John Kerry at the Munich Security…
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Conference on Feb. 1. Kerry expressed “respect” for Senate Majority Leader Harry Reid, D-Nev., while implying Reid’s opposition to TPA may subside in the foreseeable future. “On the merits, this is a major initiative for us, for Europe, for the relationship, for the world. And when you combine it with the TPP, it really has a capacity to achieve what the WTO has not been able to succeed in, and it could have a profound impact on jumpstarting the economies for all of us,” said Kerry referring to the Trans-Pacific Partnership (TPP) and World Trade Organization (WTO). “It’s worth millions of jobs, and in the end, jobs are a very powerful political persuasion.” Secretary of Defense Chuck Hagel, in attendance at the conference, also urged support for the trade pacts.