Trade Promotion Authority: An Opportunity to Invigorate the TTIP Negotiations
Trade Promotion Authority: An Opportunity to Invigorate the TTIP Negotiations

Author(s): Cordelia Buchanan Ponczek, Marek Wąsiński
Subject(s): Supranational / Global Economy, Governance, Economic policy, International relations/trade
Published by: PISM Polski Instytut Spraw Międzynarodowych
Keywords: United States; President Barack Obama; Trade Promotion Authority (TPA); power to negotiate the trade deals; Trans-Pacific and Transatlantic trade agreements;
Summary/Abstract: In June, U.S. President Barack Obama was finally granted Trade Promotion Authority (TPA), executive negotiating power on trade deals, which will give him leverage to secure his economic legacy. On the U.S. side, the Republican-Democrat divide leading up to the bill's adoption has been illustrative of the controversy surrounding ongoing U.S. negotiations on the Trans-Pacific and Transatlantic trade agreements. For the European Union, the signed TPA is a goodwill gesture from the U.S. and portends gains in momentum for TTIP, the Transatlantic trade deal.

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