ID :
208130
Mon, 09/19/2011 - 19:49
Auther :
Shortlink :
https://oananews.org//node/208130
The shortlink copeid
FTAs are starter for new U.S. trade strategy: CFR
By Lee Chi-dong
WASHINGTON, Sept. 19 (Yonhap) -- The ratification of free trade pacts with South Korea, Colombia and Panama is the starting point for a "pro-America" trade policy needed by the Barack Obama administration, an influential think tank said Monday in a special report.
A bipartisan task force, formed by the Council on Foreign Relations (CFR), called for a new trade and investment policy to reap more benefits from global commerce.
It recommended that "the administration start by pushing harder for ratification of the three free trade agreements (FTAs) -- with South Korea, Colombia and Panama -- still awaiting passage in the Congress."
The delays have already caused the U.S. to lose its edge in the competition for trade with the nations, it pointed out.
The task force called for the administration and Congress to "adopt a pro-America trade policy that brings to more Americans more of the benefits of global engagement, with the framework of a strengthened, rules-based trading system."
Seven pillars proposed by the group include a trade-negotiations agenda that opens markets for U.S. goods and services, a robust and strategic trade enforcement effort and a new deal with Congress to give the president a mandate to negotiate trade-opening agreements with an assurance of timely congressional action.
"The United States still has many economic strengths and a new set of trade and investment policies built on those strengths will pay enormous dividends," the report said.
The task force is chaired by Andrew Card, former White House chief of staff during the George W. Bush administration, and former Senate majority leader Thomas A. Daschle.
WASHINGTON, Sept. 19 (Yonhap) -- The ratification of free trade pacts with South Korea, Colombia and Panama is the starting point for a "pro-America" trade policy needed by the Barack Obama administration, an influential think tank said Monday in a special report.
A bipartisan task force, formed by the Council on Foreign Relations (CFR), called for a new trade and investment policy to reap more benefits from global commerce.
It recommended that "the administration start by pushing harder for ratification of the three free trade agreements (FTAs) -- with South Korea, Colombia and Panama -- still awaiting passage in the Congress."
The delays have already caused the U.S. to lose its edge in the competition for trade with the nations, it pointed out.
The task force called for the administration and Congress to "adopt a pro-America trade policy that brings to more Americans more of the benefits of global engagement, with the framework of a strengthened, rules-based trading system."
Seven pillars proposed by the group include a trade-negotiations agenda that opens markets for U.S. goods and services, a robust and strategic trade enforcement effort and a new deal with Congress to give the president a mandate to negotiate trade-opening agreements with an assurance of timely congressional action.
"The United States still has many economic strengths and a new set of trade and investment policies built on those strengths will pay enormous dividends," the report said.
The task force is chaired by Andrew Card, former White House chief of staff during the George W. Bush administration, and former Senate majority leader Thomas A. Daschle.
