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U.S. President Barack Obama speaks to the National Governors Association in the State Dining Room of the White House in Washington February 25, 2013. REUTERS/Kevin Lamarque

White House eyes new trade authority, Asia-Pacific trade deal
White House eyes new trade authority, Asia-Pacific trade deal
Posted : Friday, 01 March 2013 11:09AM

WASHINGTON (Reuters) - President Barack Obama's administration on Friday said it would work with Congress to renew legislation considered critical for negotiation of U.S. trade deals, while trying to wrap up talks this year on an Asia-Pacific free trade agreement.

"To facilitate the conclusion, approval, and implementation of market-opening negotiating efforts, we will also work with Congress on Trade Promotion Authority," the report said, referring to a law that expired in 2007.

"Such authority will guide current and future negotiations, and will thus support a jobs-focused trade agenda moving forward," the report said.

(Reporting by Doug Palmer; Editing by Vicki Allen)

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