12. Oktober 2021

Trade Agreement Approval Process

Filed under: Allgemein — @ 03:01

Trade agreements are a crucial part of our international political economy, but they also show how our national institutions have evolved as our country has changed. In the fierce struggle against our nation`s political climate, free trade agreements require a balanced contribution from the executive and legislative branch. Congress last granted the president temporary bargaining power using this approach in the Bipartisan Trade Promotion Authority Act of 2002 (BTPAA), which is listed in Title XXI of the Trade Act of 2002, P.L. 107-210. Although power expired at the 110th Congress, agreements reached before the 1st Congress` consideration under an expedited procedure was closed on 1 July 2007. Prior to that date, the president had concluded free trade agreements with Colombia, Korea, and Panama, each then awaiting congressional approval.

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