Government Politics And Its Effect On The Us On Free Trade...

As we all know, government politics are extremely controversial, and 99% of the times, their decisions take multiple negotiations before reaching an actual consensus. This occurs all the times, even now with an agreement called TPA or Trade Promotion Authority that has not just America, but also a large portion of the world divided into two sides. The side that supports it and the side against it. But what is this agreement and what does it do that has created such controversy? In the most general of terms, TPA is when Congress gives the president a temporary and called by many critics, controversial authority to conduct international agreements. These agreements done by the president and the other party, are then taken to Congress to be approved or disapproved. Congress however, cannot amend or filibuster this agreement which makes the process faster. Last time this authority was implemented occurred during the Bush Administration, when President Bush increased â€Å"the number of countries partnered with the US on free trade agreements from 3 to 16.† This drastic increase in the number of partners connected with the US had an incredible effect on the exports and consequently, on the GDP of the country. In just 7 years, exports experienced an increased larger than 50% which accounted for 13% of the nation’s total GDP. Moreover, the growth on exports was 70% faster than the rest of the US partners creating a record of $92 billion dollars on agricultural exports. ThisShow MoreRelatedFree Trade : U.s. 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