The significance of “fast track” goes far beyond clearing the way for quick approval of the Trans Pacific Partnership agreement.
The Trade Promotion Authority bill, otherwise known as “fast track,” would govern how such agreements are negotiated and voted on in the future.
In theory this could work well. Negotiators would pursue objectives set by Congress, the leaders of Congress would be kept informed as negotiations progress and ratification of the agreement would be only a formality. But there is no mechanism in the current fast track bill by which Congress can call the negotiators to account or demand information.
Fast track assumes good faith on the part of all concerned, and, based on the historic record, including the way the TPP has been negotiated, I think this would be a naive assumption.
Hatch Bill Would Revive Controversial 2002 Fast Track Mechanism That Faces Broad Congressional, Public Opposition by the staff of Public Citizen’s Global Trade Watch division.
What’s Wrong With Wyden-Hatch-Ryan’s Fast Track Bill – The Specifics by Gaius Publius for Down With Tyranny (via naked capitalism). [Added 4/22/2015]
Tags: Congress, Fast Track, International trade, The Trade Promotion Authority, TISA, TPP, trade agreements, Trade in Services Agreement, Trade Promotion Authority, Trans Pacific Partnership, Trans Pacific Partnership Agreement, Transatlantic Trade and Investment Partnership, TTIP