Trade Being Defrosted…Warmed Up?

By September 7, 2007Trade

Amusing, quick summary of the prospects for trade agreements in the Wall Street Journal’s Washington Wire.

BUSH AND CONGRESS defrost free-trade deal with Peru.

After visiting Peru last month, Ways and Means Chairman Rangel vows to push pact through his committee, possibly this month. U.S. Chamber of Commerce and National Association of Manufacturers cultivate grass roots, urging companies to press lawmakers for action. And Bush officials dive in.

Agriculture Secretary Johanns and Commerce Secretary Gutierrez are expected to join Iowa Sen. Grassley at Monday trade rally. Also on next week’s calendar, Gutierrez heads to Peru, Panama and Colombia with administration officials and lawmakers in tow to meet government, business and labor leaders.

Peru pact will set tone for accords with Panama, Colombia and South Korea.

Meanwhile, at the APEC gathering in Sydney, President Bush is keeping up the pressure for action on Doha. Strong, positive statements from the President.

SYDNEY: US President George W Bush said here on Friday that the US has both the will and the flexibility to help conclude a successful Doha Round.

“Doha represents a once-in-a-generation chance to open up markets and to help millions rise out of poverty,” Bush said in a speech to business leaders gathered at the annual Asia-Pacific Economic Cooperation (APEC) forum.

“The United States is committed to seizing this opportunity — and we need partners in this region to help lead the effort,” he said, noting that no single country can make Doha a success.

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