Top U.S. Lawmakers Strike Deal To Fast Track Trade Deals

Top lawmakers in the U.S. have come to a bipartisan agreement that allows President Barrack Obama to negotiate trade deals which are subjected to a yes or no vote in Congress without the possibility of reversing any actions which have been made.

This agreement comes as the U.S. President is currently pursuing a trade deal with 11 pacific nations. The Trans-Pacific partnership is seeking to enforce a trade agreement that will involve the U.S., Canada, Mexico, Vietnam, Japan and other seven Pacific Rim nations.

According to Labor Unions, as well as some Republicans in the U.S., believe that the pact will only end up hurting America rather than making it better. In addition to that they state that the agreement will result in a decline in job growth in America and that it will only go to encourage other countries abuse their workers, as well as the environment.

The Obama-led administration has rejected those claims and it has stated that goods and services from the U.S. must be easily accessible to foreign buyers something which the trade will facilitate.

Gorden Stoner, a wheat farmer who is based in Outlook, Montana, has welcomed the news stating that it will help in growing his business. Early in March, the vice president of the National Association of Wheat Growers was in the nation’s capital so as to lobby for the Trade Promotion Authority to be approved by President Barrack Obama.

"Half of U.S. wheat and almost 80 percent of Montana's crop is exported, so anything thing that expedites trade is good for wheat," said Stoner. "TPA makes is possible for our trade ambassadors to negotiate agreements. Without it, trade agreements would be almost impossible to reach."