WASHINGTON — Fashion industry trade groups expressed concern Wednesday about growing momentum in the House against granting President Obama trade promotion authority, a tool many experts argue he needs to help wrap up negotiations on an Asia-Pacific trade pact that is heading into the final stages of negotiation.
The authority, formerly known as “fast track,” which expired in 2007 under then-President George W. Bush, is seen as vital to completing several trade deals, including the Trans-Pacific Partnership negotiations between the U.S. and 11 other countries and the Trans-Atlantic trade deal between the U.S. and European Union. Under TPA, Congress does not have the ability to amend trade pacts negotiated by the executive branch and can only vote up or down on them.
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