On the recordJuly 8, 2015
Last month Congress dealt with a trade package that centered on trade promotion authority; and those actions, while important, were really just the beginning of a very long process. Many important provisions of the Trans-Pacific Partnership, the TPP, are still unresolved. There is a meeting at the end of this month in Hawaii where the finance ministers of 12 countries come together in an attempt to resolve these final questions. As I pointed out in my last meeting with the President, while I think trade promotion authority is important and worthy of support, that support does not imply support for the Trans-Pacific Partnership. Indeed, because of the protections we built into the trade promotion authority, it sets an appropriately high standard for approval. Everybody in America will have several months to examine the proposal if an agreement is reached to see if it measures up before the treaty can even be voted on by Congress. I am hopeful that we can use this time to clarify and refine areas, for example, the investor state dispute process. While the United States' investor state protections for public health and consumers are stronger than for most countries and are separate from the foreign investor state models that are being used by the United States Chamber of Commerce to promote the interests of Big Tobacco to undercut efforts to discourage smoking, there is still room for us to improve and clarify the American model, and we should do so.…





