In 2013, President ObamaĂ˘â‚¬â„˘s Trade Policy Agenda reported that the United States was in its third year of negotiating a new trade agreement, the Trans-Pacific Partnership Trade Agreement, between 11 pacific countries. Included are Australia, Brunei Darussalam, Canada, Chile, Malaysia, Mexico, New Zealand, Peru, Singapore, Vietnam, and the United States. The president maintained that in terms of both trade policy and foreign policy, the United States would refocus itself on Ă˘â‚¬Ĺ“engagingĂ˘â‚¬Âť Asia in the coming years. At the same time, the president announced that he would negotiate a new Transatlantic Trade and Investment Partnership with the European Union intended to reduce nontariff barriers to trade in technology products. Because the presidentĂ˘â‚¬â„˘s trade promotion authority to negotiate trade agreements expired in 2007, these face real scrutiny from Congress. What is the status of these negotiations? What are their objectives and what industry sectors are they primarily intended to benefit? What are their chances of passing either as a treaty or a congressional-executive agreement.
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