Reuters: Politics: Senate Finance chief wants trade promotion bill this year

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Senate Finance chief wants trade promotion bill this year Mar 19th 2013, 16:02 Tweet Share this Email Print Related News UPDATE 3-U.S. says Japan has more work to do to join trade pact talks Fri, Mar 15 2013 More trade deals needed to help create jobs: Obama Tue, Mar 12 2013 Senate hearing spotlights ongoing discord over cybersecurity bill Thu, Mar 7 2013 Tax-writers try to move forward, eye loopholes Tue, Mar 5 2013 White House says it will seek "fast-track" trade authority Fri, Mar 1 2013 Analysis & Opinion Essential reading: Congress begins tax reform talks, and more Sen. Max Baucus, (D-MT) is questioned by media at the U.S. Capitol in Washington December 31, 2012. Credit: Reuters/Mary F. Calvert WASHINGTON | Tue Mar 19, 2013 11:33am EDT WASHINGTON (Reuters) - Senate Finance Committee Chairman Max Baucus said on Tuesday he hoped to pass legislation this year to boost the White House's ability to negotiate new trade agreements, renewing a law known as trade promotion authority that expired in 2007. The Montana Democrat said he wanted to combine renewal of trade promotion authority (TPA) with renewal of trade adjustment assistance (TAA), a federal program that provides funding to help retrain workers that have lost their jobs because of import competition or factories moving overseas. "TPA and TAA are two sides of the same coin making trade work. We need to renew and extend both of them this year," Baucus said at a hearing on the White House's trade agenda. Acting Trade Representative Demetrios Marantis told Baucus the administration was "ready to work" with Congress to approve the legislation, as it attempts to wrap up trade talks in the Asia Pacific this year and launch new trade talks with the European Union in coming months. (Reporting by Doug Palmer; Editing by Eric Beech) Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

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