US Officials to Pressure TFA Ratification at Americas Summit, Says White House
The U.S. aims to pressure progress on Trade Facilitation Agreement ratification processes among World Trade Organization members during the upcoming Summit of the Americas, said senior National Security Council official Ricardo Zuñiga on an April 7 conference call (here). Panama…
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City is hosting the summit, and President Barack Obama will attend from April 10-11. The U.S. is targeting the end of 2015 for completed ratifications of two-thirds of the now 161 WTO members, the threshold the agreement requires for implementation (see 1502240001). Zuñiga also applauded the approaching completion of the Panama Canal expansion, saying the project will allow ships to double the amount of goods they transport. White House national security advisor Ben Rhodes joined Zuñiga on the call, and both officials pointed to the economic gains in stock after expansion is wrapped up.