Top trade official sees US seeking more multilateral deals
Wall Street Journal | December 11, 2012
Top Trade Official Sees U.S. Seeking More Multilateral Deals
By Eric Morath
The administration’s top trade official signaled Tuesday that the U.S. intends to pursue deals with coalitions of countries rather seek out the type of one-on-one agreements that were the among the hallmark achievements of President Barack Obama‘s first term.
U.S. Trade Representative Ron Kirk said he expects the White House to pursue broader agreements, such as a proposed free-trade zone spanning the Pacific Ocean, so exporters will be able to access several markets while complying with the same regulations.
“Our president has more of a bias toward multilateralism than anything else,” Mr. Kirk said at Third Way, a Washington think tank.
