Debate Over Proposed Global Trade Agreements

Debate Over Proposed Global Trade Agreements

U.S. negotiators are pushing to reach agreement on a major trade pact, the Trans-Pacific Partnership, and a new deal with the European Union. But many unions, environmentalists and consumers are skeptical.

President Barack Obama met with senior advisers yesterday on efforts to forge a large Pacific free trade area. The proposed agreement involves 12 countries and represents nearly one-third of world trade. Negotiators are also meeting in Washington this week on a U.S.-European Union trade pact. Both are touted as important strategies for job growth and boosting U.S. competitiveness. Critics say they provide easy ways for corporations to circumvent hard-won health, environmental and consumer protections. Diane and her guests discuss the pros and cons of two trade agreements in the works and lessons learned from NAFTA.

Guests

Simon Johnson

professor of entrepreneurship at MIT's Sloan School of Management, senior fellow of the Peterson Institute for International Economics, former chief economist of the International Monetary Fund, and author of "White House Burning: The Founding Fathers, Our National Debt, and Why It Matters To You."

Lori Wallach

director, Public Citizen's Global Trade Watch.

Howard Schneider

reporter, The Washington Post.

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