For almost 40 years, Congress has enacted Trade Promotion Authority (TPA) type laws to help guide both Democratic and Republican Presidents in pursuing trade agreements that support U.S. jobs, eliminate barriers to U.S. exports, and set rules to level the playing field for U.S. companies, farmers, and workers. In these laws, Congress has set high-standard objectives and priorities for U.S. trade negotiators and established a process for consulting with Congress and the public.
The United States currently has free trade agreements with 20 partners which support 47 percent of total goods exports. The regional trade agreements currently under negotiation – Trans-Pacific Partnership (TPP) and Transatlantic Trade and Investment Partnership (TTIP) – accounted for 62 percent of U.S. goods exports in 2014, and supported an estimated 4.2 million U.S. jobs in 2013. Over fifty countries are negotiating a separate agreement focused on opening markets to trade in services, which would create significant new opportunities for U.S. services firms. TPA will allow these agreements to become a reality, spurring economic growth in the United States and our trading partners.
foreign trade, global economics
Advanced Prep: None
Speaker: Sir John Major, KG, CH and Bret Stephens
Field of Study: Economics
CPE Credit: 2.5 Hours
Meet the Speaker:
The Rt. Hon. Sir John Major, KG, CH
Former Prime Minister, Great Britain and Northern Ireland (1990 to 1997)
Having served as Prime Minister of Great Britain and Northern Ireland during a time of unprecedented transformation, Sir John Major offers a unique perspective on the changing global landscape. During his term, he instituted public sector reforms that became international models and left behind the strongest economy that any incoming British Government had ever inherited. Major initiated an unprecedented effort to secure lasting peace in Northern Ireland and continued to lend his support on that issue to his successor as Prime Minister, Tony Blair.
An economist, Major was elected to the British Parliament in 1979, joined the Cabinet as Chief Secretary to the Treasury in 1987, and went on to serve as Foreign Secretary and Chancellor of the Exchequer. Since leaving Parliament in 2001, Major has taken up various business activities, including serving as a senior advisor to Credit Suisse and as chairman of the European Advisory Council. He has authored three books and is the recipient of The Companion of Honour, bestowed on him by Queen Elizabeth in 1999.
During the conference, Major will share thoughts about current global trouble spots and what nations must do to deter terrorism and maintain peace. He looks at technological advances that have affected developing regions like South America and Africa, impacting the economic, social and political stability of the rest of the world. He will also discuss the European Union and how international cooperation has affected the world in the most recent economic downturn.
Foreign Affairs Columnist and Deputy Editor, The Wall Street Journal
Winner of the 2013 Pulitzer Prize for commentary, Bret Stephens is the foreign affairs columnist of The Wall Street Journal, deputy editor for the editorial pages of the Wall Street Journal Asia and Europe, and a member of the paper’s editorial board. He is a regular panelist on The Journal Editorial Report, a weekly political talk show carried nationally by the Fox News Channel. Stephens began his career at Commentary magazine and joined the Journal as an op-ed editor in New York in 1998. He served as editor-in-chief of The Jerusalem Post from 2002-2004, before returning to the Journal. He has reported on stories from across the globe and has interviewed world leaders. Recognized as a Young Global Leader by the World Economic Forum, he has won numerous journalistic awards and has twice been nominated for the Pulitzer prize. Raised in Mexico City, he was educated at the University of Chicago and the London School of Economics.