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Abstract

Fast track trade promotion authority renewal has become the premier vehicle for airing America's ambivalence about trade and globalization. The most recent renewal - in August 2002 - followed an eight-year stalemate in Congress. Opponents decry fast track as a blank check for the President to pursue trade agreements that undermine hard won social and environmental protections. Proponents portray fast track as a litmus test of America's leadership on trade and as a patriotic imperative. Fast track was intended to be neither. It was conceived as a mundane procedural deal: Congress would streamline its approval process into an up-or-down vote to enhance the President's credibility in negotiating complex multilateral trade agreements in return for enhanced congressional oversight. There is a need for a new approach that can command bipartisan common ground. It would be far better to weigh the overall benefits and costs to different segments of American society and to international interests in concrete terms in the context of specific trade agreements.

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Copyright George Washington University, National Law Center 2003