The Traderszone Network

Published in TZ Latest News 21 May, 2015 by The TZ Newswire Staff

Senate advances fast-track trade bill sought by Obama

President Barack Obama moved closer to winning the power to speed trade deals through the Congress, as the Senate on Thursday advanced legislation important to his Asian trade push. Senators voted 62-38 to set up a speedy decision on the “fast-track” trade negotiating authority the president needs to complete the Trans-Pacific Partnership (TPP) trade deal. The TPP is part of Obama’s so-called pivot to Asia, a strategy to counter China’s rising economic and diplomatic clout in Asia.