U.S. Senate Approves Fast-Track TPP Trade Bill
June 25th, 2015So it goes…
Via: Stuff:
US lawmakers approved legislation key to securing a hallmark Pacific trade deal by a comfortable margin on Wednesday, advancing President Barack Obama’s efforts to strengthen US economic ties with Asia.
Senators voted 60 to 38 to approve legislation to streamline Congress’s consideration of trade deals, including Obama’s 12-nation Trans-Pacific Partnership (TPP) of which New Zealand is part.
Final passage could push the 12-nation TPP, a central part of Obama’s foreign policy pivot to Asia, over the finish line and also boost hopes that an ambitious trade deal with the European Union could soon be completed.
The bill now goes to Obama to be signed into law.
More: Here’s How Much Corporations Paid U.S. Senators to Fast-Track the TPP Bill
