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Cato Podcast

Will We Have Freer Trade in 2014?

Cato Podcast

Cato Institute

Cato, Peace, Policy, Politics, Markets, Defense, Government, News, News Commentary, 424708, Immigration, Libertarian

4.5979 Ratings

🗓️ 17 January 2014

⏱️ 11 minutes

🧾️ Download transcript

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0:00.0

This is the Cato Daily Podcast for Friday, January 17, 2014.

0:08.0

I'm Caleb Brown.

0:09.0

It's fair to say that the three previous occupants of the White House had better records than

0:13.2

Barack Obama on trade, but that doesn't mean a good trade agenda in 2014, is dead.

0:19.5

Daniel Eekinson, director of the Trade Policy Studies at the Cato Institute, explains.

0:24.4

Under the George H.W. Bush administration, the Uruguay round was advanced almost to its conclusion.

0:34.6

That produced the World Trade Organization.

0:36.5

It was the last completed multilateral trade round

0:39.6

that we've had.

0:41.9

Bill Clinton was there to see it through the URA, the Uruguay Round Agreement,

0:49.0

as was he, he facilitated the conclusion of the NAFTA.

0:53.0

And he tried to get trade promotion authority reinstated for himself,

0:57.5

and he was outward looking.

1:00.8

But he was denied fast track at the end of his tenure primarily because Democrats did not want to give that to him.

1:08.0

George W Bush came into office and launched the Doha round in November 2001.

1:14.0

He completed about a dozen trade agreements, mostly with smaller countries.

1:18.0

But when he left office, there were three agreements that he had completed that that never

1:25.9

passed Congress one with Columbia Korea and Panama and when the Democrats

1:31.3

took control of Congress in January 2007, with two years remaining in Bush's term,

1:36.5

they basically said no more.

1:38.5

We are shifting our emphasis from liberalization to enforcement, and we are not going to even see these

1:44.8

through and in fact President Bush George Bush submitted the Columbia

...

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