With a number of important and high profile trade battles to be fought this year that will have far-reaching impacts on the U.S economy and domestic policy, we thought we’d suggest some New Year’s resolutions for president Obama to adopt on U.S. trade policy.
These resolutions are solutions that the administration needs to commit to in 2010, based on what's likely to move in the trade sphere this year. They hold President Obama to his campaign promise to deliver trade policy reform, and they’ll also help to fix the economy and keep good jobs in America.
The resolutions are:
- Push to modify World Trade Organization (WTO) limitations on domestic financial services regulation, in light of the economic crisis. Go here for details.
- Conduct a comprehensive review of trade agreement policy as promised during the campaign
- Announce formal new trade agreement approach that brings trade pacts into congruence with the administration’s domestic priorities and goals
- Pass climate legislation with meaningful border equality measures
- Pass second major stimulus bill with robust Buy America provisions to create jobs
- Pass food safety bill with serious import safety protections
- Use the Trans-Pacific Partnership talks to devise a replacement for the NAFTA model; we either need a new way or no deal
- Renegotiate remaining Bush trade agreements with South Korea, Colombia, & Panama to fix NAFTA model problems and bring them in line with the TRADE Act.
- Give the WTO’s “Doha Round” agenda a much needed burial and develop a new agenda related today's challenges aimed at fixing WTO problems, from financial services deregulation to limits on climate crisis redress space
- Fight for a China trade policy that supports jobs and also ensures product and food safety for both countries
Obama has already resolved to do a lot of these, but just as with most New Year’s resolutions, he’s somewhat fallen off the wagon. We’re here to help him resolve anew and stick to it!