The time has come for transatlantic statesmanship on trade
Thursday, January 4th, 2007It must be frustrating being the President of the European Commission: a whole lot of responsibility but very little power. When Jose Manuel Barroso meets George W Bush at the White House next week he may be able to offer some advice to a US President who has just lost control of Congress and is watching his Iraq strategy slip further into chaos.
On the agenda is climate change, international security and global trade. Bush is currently the world’s leading climate change denier and the chances of him recanting are as good as those of snowball in hell - or the polar ice caps, the way things are going. On international security, the EU lacks a standing army and even a foreign minister, so Barroso has very little to offer here. It is only trade policy that the two men can use this high level meeting to achieve something concrete: sealing a deal that has so far eluded their respective trade negotiators at the WTO in Geneva. Presidential ‘fast track’ Trade Promotion Authority (TPA) will expire in a matter of months, and so if there is to be a deal on Bush’s watch, it needs to be made now. Continue Reading…