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Time is running out for the world's leaders to strengthen the global trading system. In their July meeting, G-8 leaders should commit to eliminating trade barriers established in the aftermathof the financial crisis within the year, establish a globalmoratorium on new trade barriers and excessive use of traderemedies, and set a hard timeline and blueprint for concludingtrade negotiations within the WTO.
On June 29, the Senate ratified the U.S.-Oman Free Trade Agreement(FTA), and after a contentious and partisan markup session, theHouse Ways and Means Committee approved the pact for a full Housevote in July. The agreement is contentious because of theperception that Oman is only weakly committed to protectingworkers' rights. Not only is this a misconception, but the verystructure of the FTA would promote stronger labor standards andtheir enforcement. Rejecting the FTA on questionable labor concernswill undermine continued reform of Oman's economy and send a strongnegative message abo...
Free trade agreements between the United States and Latin Americancountries will pave the way for a future of friendship, peace, andprosperity throughout the hemisphere.
Congress should renew TPA as it is without adding new conditionsthat open the door to protectionist policies that undermineAmerica's ability to remain a dynamic and dominant player in theglobal economy. Current TPA rules support the development andprotection of effective labor and other economic policies withoutforcing unrealistic and detrimental regulations on developingeconomies.