International Trade Law News /title <!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Strict//EN" ""> <html xmlns="" xml:lang="en" lang="en"> <meta name="verify-v1" content="6kFGcaEvnPNJ6heBYemQKQasNtyHRZrl1qGh38P0b6M=" /> <head> <title>International Trade Law News

« Home | WTO Reports Decline in Number of Antidumping Inves... » | China and Russia Veto U.N. Sanctions Against Zimba... » | Next U.S. Customs Broker License Examination to be... » | Commerce Department Authorizes Issuance of Retired... » | Forbes Magazine Reports on Deemed Export Enforceme... » | Youth Baseball Team Authorized by OFAC to Travel t... » | Feds Knock; A Business is Lost » | The Persian Paradox: Why is so Much Sensitive U.S.... » | BIS Publishes Final Rule Implementing Recent Austr... » | Associated Press Publishes Extensive Analysis of U... » 

July 13, 2008 

NFTC Releases Draft "Trade Negotiating Authority Act of 2009"

The National Foreign Trade Council (NFTC) recently released a draft version of the “Trade Negotiating Authority Act of 2009,” intended to initiate debate over the appropriate objectives for negotiating trade agreements and an efficient “fast track” process for congressional consideration of implementing legislation. The NFTC’s draft bill, builds on existing Trade Promotion Authority (which expired on June 30, 2007) and includes new provisions that update negotiating objectives and reform the Congressional-Executive consultation process.

“Trade negotiating authority is vital to the future of U.S. trade policy, no matter the outcome of the election in November,” said NFTC President Bill Reinsch, who unveiled the draft bill during a press roundtable at the NFTC this afternoon. “Regardless of whether we have a President Obama or a President McCain, the new Congress and the new Administration will have to have a trade policy and will have to grapple with what to do about the process for negotiating trade agreements. We are releasing our draft bill today to catalyze that deliberative process.”

The draft “Trade Negotiating Authority Act of 2009 includes significant reforms with respect to procedure and negotiating objectives, such as creating the Joint Committee on Trade (JCOT) in lieu of a Congressional Oversight Group. In addition, the NFTC draft bill includes transition rules, which clarify that agreements concluded and not acted upon by Congress retain their existing “fast track” status.

A complete summary of the proposed bill can be found here here.

Labels: , ,



Subscribe to our confidential mailing list

Mobile Version

Search Trade Law News

International Trade and Compliance Jobs

Jobs from Indeed




  • This Site is presented for general informational purposes only and does not constitute legal advice. No attorney-client relationship is formed when you use this Site. Do not consider the Site to be a substitute for obtaining legal advice from a qualified attorney. The information on this Site may be changed without notice and is not guaranteed to be complete, correct or up-to-date. While we try to revise this Site on a regular basis, it may not reflect the most current legal developments. The opinions expressed on this Site are the opinions of the individual author.
  • The content on this Site may be reproduced and/or distributed in whole or in part, provided that its source is indicated as "International Trade Law News,".
  • ©2003-2015. All rights reserved.

Translate This Site

Powered by Blogger