Top U.S. Lawmakers Strike Deal To Fast Track Trade Deals

Top lawmakers in the U.S. have come to a bipartisan agreement that allows President Barrack Obama to negotiate trade deals which are subjected to a yes or no vote in Congress without the possibility of reversing any actions which have been made.

This agreement comes as the U.S. President is currently pursuing a trade deal with 11 pacific nations. The Trans-Pacific partnership is seeking to enforce a trade agreement that will involve the U.S., Canada, Mexico, Vietnam, Japan and other seven Pacific Rim nations.

According to Labor Unions, as well as some Republicans in the U.S., believe that the pact will only end up hurting America rather than making it better. In addition to that they state that the agreement will result in a decline in job growth in America and that it will only go to encourage other countries abuse their workers, as well as the environment.

The Obama-led administration has rejected those claims and it has stated that goods and services from the U.S. must be easily accessible to foreign buyers something which the trade will facilitate.

Gorden Stoner, a wheat farmer who is based in Outlook, Montana, has welcomed the news stating that it will help in growing his business. Early in March, the vice president of the National Association of Wheat Growers was in the nation’s capital so as to lobby for the Trade Promotion Authority to be approved by President Barrack Obama.

"Half of U.S. wheat and almost 80 percent of Montana's crop is exported, so anything thing that expedites trade is good for wheat," said Stoner. "TPA makes is possible for our trade ambassadors to negotiate agreements. Without it, trade agreements would be almost impossible to reach."

 

Lastest News

How to Make a Successful Real Estate Deal?

How to Make a Successful Real Estate Deal?

Purchasing your first home can be an upsetting, nerve-wracking event. Notwithstanding buying another TV is not something you need to take daintily. When you aggravate that price tag a hundredfold (at any rate), it's nothing unexpected that numerous potential home purchasers escape. Be that as it…

View Full Article …
Ways to Invest in Real Estate

Ways to Invest in Real Estate

If you are looking to invest in a real estate the best way is to directly purchase the properties. There are any different strategies that can be used. One way is to buy a property and hold it for certain period of time. This process requires an active management and it could prove to be very labor…

View Full Article …
Real Estate Attorney

Real Estate Attorney

The guidance of an expert is required in case of buying or selling of real estate property to know about the legal responsibilities involved and required in the process. It is advisable that you must contact a real estate attorney to help you on your case as he can assist you in buying a property…

View Full Article …
Property Management Contract

Property Management Contract

Property management can be defined as the overseeing of a real estate. It can also include the managing of personal possessions like tools, equipment and assets. If such an agreement takes place between parties, the contract for this agreement must contain all the points on which both parties have…

View Full Article …
Getting a Private Mortgage Loan

Getting a Private Mortgage Loan

There are different steps that you need to follow when you are considering to apply for a private mortgage. The first step is to hire a mortgage broker who has knowledge on how to get a private mortgage. The process for getting a private mortgage is relatively simple and fast. In many cases you may…

View Full Article …