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

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza