Maintaining the status quo in trade policy

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The trade policy agenda has been relatively quiet since President Obama took office (notwithstanding a few murmurs about the Korea-US trade deal triggered by last week’s G20 meeting). The administration has been content to let the WTO system maintain the status quo and address disputes, as it has invested its political capital elsewhere. But trade does need to show up on the Congressional agenda occasionally, if only to maintain status-quo policy. “Congress needs to act during the lame duck session on renewal of the Generalized System of Preferences (GSP) program and the Andean Trade Preference Act (ATPA), both of which expire at the end of 2010.”

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