The House adjourned last night at 11:18 p.m., leaving another 20 minutes of debate and the final vote on H.R. 3688, the legislation the implements the U.S.-Peru trade agreement, for when it convenes this morning at 10 a.m.
House Majority Leader Steny Hoyer (D-MD) made a statement in strong support of the agreement.
This Peru Free Trade Agreement is an historic accomplishment in trade policy and in our relationship with a strong ally in a region that is vital to our economic and national security. This agreement has great potential to strengthen the economic ties between the United States and Peru and to improve the standard of living in both countries.
I believe that free and fair trade can foster an international economic system based on the rule of law, a movement toward democratic reform, market economics and respect for basic human rights. Furthermore, the benefits of free and fair trade include lower prices for our consumers, better products, and increased productivity and rising living standards.
However, one of the great economic challenges of our time is managing the benefits of trade while addressing the very real negative consequences that trade and globalization have had on many of our constituents and communities.
Democrats are united in our commitment to global trade policies that strengthen America’s position in the world, raise the standard of living for working men and women at home and abroad, and protect the one environment that we share and will leave to our children.
NAM’s news release calling for approval of the trade agreement is here.
UPDATE(8:50 a.m.): The Hill has a reasonable take on the internal Democratic caucus debate on the issue. Good observation:
“This is the first trade agreement we have ever had with enforceable labor and environmental standards that is on par with other issues like intellectual property. [This is a] pretty good agreement if you care about progressive values,” Rep. Adam Smith (D-Wash.) said.
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