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US and Europe Prepare for Trade Votes


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US and Europe Prepare for Trade Votes

Jubilee USA

WASHINGTON - The House of Representatives could vote as early as Friday on the Trade Act of 2015 or Trade Promotion Authority (TPA) that allows trade deals to be voted on without amendment in Congress. The Senate passed similar legislation on May 22 by a vote of 62-37. In the wake of this vote, the Obama Administration negotiates the Trans-Pacific Partnership (TPP) and the Transatlantic Trade and Investment Partnership (TTIP), that could be affected by this trade authority. The two deals involve 40 countries that represent more than 60% of the world's economy.

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