Former US President Bush Hosts TPP Forum

Former U.S. President George W. Bush on Tuesday entered the debate over the Trans-Pacific Partnership, hosting a forum at his presidential library extolling his successor’s Asian free trade deal.

Bush, who signed several such accords during his two terms in office, met with U.S. Trade Representative Michael Froman before the event to promote the strategic benefits of the agreement.

President Barack Obama is still pushing for Congress to approve the 12-country TPP following the Nov. 8 presidential election, even though both Republican Donald Trump and Democrat Hillary Clinton oppose it.

Bush, who has largely stayed out of the campaign – in which Trump’s anti-trade rhetoric fueled his rise to the Republican nomination – did not attend the forum at the George W. Bush Institute in Dallas.

“I’m very grateful for him welcoming me to this institute and having the institute host this important conversation,” Froman told the audience of largely business people after his meeting with Bush. “And I’m very grateful for his support of free trade as well.”

Ken Hersh, director of the Bush Institute, called TPP “a no-brainer on a whole host of fronts.”

via Reuters

Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.