Washington: According to the White House, US
President George W Bush plans to urge lawmakers to give
him sweeping trade negotiation powers this week as he
delivers two economic policy speeches this week.
house spokesman Tony Snow said a day before Bush was
to make the first of two speeches detailing his economic
priorities, that the president wanted to continue to
have trade promotion authority, that every other president
"fast-track," power would bind the US Congress
to vote to either accept or reject without debate or
amendments to any trade deal the president negotiates.
Bush''s fast-track powers are valid till midnight of
30 June 2007.
feel that it is unlikely the newly Democrat-controlled
Congress would renew Bush''s fast-track powers.
Bush administration wants to forge binding free trade
ties with South Korea and Malaysia by early April in
order to submit them to the US Congress.