exporter of agricultural products--lacks the ability to implement a final agreement, it
is difficult to imagine those negotiations succeeding. A historic opportunity to bring
free trade to a sector that has long known protection and government control may be
lost for years to come.
·
The Uruguay Round calls for negotiations to lower barriers to trade in a number of
important sectors, such as maritime transport, construction and engineering,
professional services, and government procurement. Fast-track authority will
probably be necessary for any such agreements that require a change in U.S. law.
Fast-track authority is about much more than adding Chile to NAFTA. The
agreements that could be negotiated under fast track open the dazzling possibility of free
trade with the world's most dynamic economies within the next 15 years, and a dramatic
reduction in barriers in those sectors in which the United States has historically enjoyed a
competitive edge.
Conclusion
Without fast-track authority for the president, the United States will be unable to
join in bilateral, regional, and multilateral agreements to lower barriers to trade. And
without those agreements, momentum toward freer trade could be in jeopardy. Americans
would lose the potential benefits of greater liberty and prosperity that would come from
expanded opportunities to trade.
In a better world, governments would leave their citizens free to engage in trade
with people in other nations. Trade agreements would be unnecessary. But because
protectionism remains an option, trade agreements serve as useful tools to create
domestic support for free trade while restricting the ability of governments unilaterally to
raise trade barriers.
Congress should reject any attempt to tie trade agreements down with demands
for tougher labor and environmental rules. Such demands will prove ineffective in
achieving their goals while undermining efforts to liberalize trade.
Passage of a clean fast-track bill will advance the cause of free trade, enhancing
the liberty and living standards of people in the United States and the rest of the world.
Notes
1. Polling the public on trade can be especially tricky. According to a story in Roll Call
on Sept. 4, 1997, p. 16, a poll in late July for NBC News/Wall Street Journal found 61
percent of those asked opposed to fast-track authority. But another poll that month for the
Democratic Leadership Council, in which the question differed slightly, found 53 percent
in support.
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