The Washington Times quotes Adrienne Arsht Latin America Center Deputy Director Jason Marczak on why American credibility with its Asian-Pacific trading partners is on the line:
A rejection of the deal further muddied Mr. Obama’s foreign policy plans, but some analysts predicted it will likely only be a temporary setback to agreements that have been years in the making.
“It’s not the end of Obama’s legacy,” said Jason Marczak, deputy director of the Adrienne Arsht Latin America Center at the Atlantic Council. “Even if the trade fails again this week, there’s still a door open for some time for a deal with the Senate to be put back to the House.”
“Most TPP countries already have a free-trade agreement with us. [They] know full well how difficult it can be to get something passed through Congress,” he added.