Noam Chomsky on Corporations and Secret Trade Agreements – the New World Order Part 9 (1998)

November 30, 1998 www.amazon.com Watch the full lecture: thefilmarchived.blogspot.com The Fast track negotiating authority (also called Trade Promotion Authority, TPA) for trade agreements is the authority of the President of the United States to negotiate agreements that the Congress can approve or disapprove but cannot amend or filibuster. Fast-track negotiating authority is granted to the president by Congress. It was in effect pursuant to the Trade Act of 1974 from 1975 to 1994 and was restored in 2002 by the Trade Act of 2002. It expired at midnight on July 1, 2007. Congress enacted fast track in the Trade Act of 1974. Pursuant to that grant of authority, Congress then enacted implementing legislation for the Trade Agreements Act of 1979, the United States-Israel Free Trade Area, the United States-Canada Free Trade Agreement, the North American Free Trade Agreement (NAFTA), and the Uruguay Round Agreements Act (URAA). The authority then expired in 1994. Presidential candidate George W. Bush made fast track an integral part of his campaign platform in 2000. In May 2001, as president he made a key speech about the critical importance of free trade at the annual Council of the Americas in New York, founded by David Rockefeller and other senior US businessmen in 1965. Subsequently, the Council played an integral role in the implementtion and securing of TPA through Congress. At 3:30 am on July 27, 2002, the House passed the Trade Act of 2002 narrowly by a 215 to 212 vote …

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