My Dad, JFK, Was for Free Trade. Democrats Today Should Be Too.

(From the Publisher. When it comes to foreign and domestic policies, there are very few things I agree on with the Democrats and especially with our President.  Yet, sometimes (3 times total:) Mr. Obama and some key party members get something right. This is one of those times. Below, is an excellent summary by Caroline Kennedy, US Ambassador to Japan)
            Lead image by AP Photo.

Serving as the U.S. ambassador to Japan has given me a chance to experience first-hand how our country is perceived in Asia. It has been a deeply moving experience to see how much the American dream still matters from 7,000 miles away.

The people of this region are eager for American involvement of all kinds—they cherish the free expression that we sometimes take for granted, their workers are seeking the kinds of hard-won protections the U.S. labor movement has gained, entrepreneurs are eager to innovate and young people are desperate to connect with us on a free and open internet that protects intellectual property and cybersecurity.

With assistance from the United States, Japan and other nations, developing countries throughout Asia are working to educate girls and young women and to protect their environments so future generations can reduce the risk of natural disasters and live sustainably.

This is a dynamic region that, right now, is at peace. It is also growing, presenting enormous economic opportunities for Americans. With a continued focus on President Barack Obama’s “rebalance to Asia,” we can keep it that way for generations to come.

A vitally important part of that strategy is the Trans Pacific Partnership. This ambitious, 12-nation trade agreement, now in the final stages of negotiation, has the potential to knit the United States and our allies into the world’s strongest, most prosperous partnership.

Yet, there are some who are reluctant to change the status quo and embrace the future. This is nothing new. But there is a proud Democratic free-trade tradition that we should not forget. For my father, President John F. Kennedy, expanding trade was integral to America’s prosperity and security. As he told Congress on January 11, 1962, when asking for a precursor to the same authority President Obama is requesting today, “Our decision could well affect the unity of the West, the course of the Cold War, and the economic growth of our Nation for a generation to come.”

The debate raged again when NAFTA was brought forward 20 years ago. Critics argued that it would kill jobs, lower wages, and erode the middle class. In fact, NAFTA has helped create jobs—and higher-paying export-related jobs—but it has also added to pressures for change in the U.S. economy, according to the Council on Foreign Relations. The trade agreements the United States is negotiating today give us the opportunity to shape how globalization affects our economy and its impact on our trading partners.

Throughout more than 45 years in the U.S. Senate, there was no greater champion of American workers than my uncle, Senator Edward Kennedy. He shared the concern of those fearing the effects of globalization, and fought hard to mitigate them. Yet like my father, Uncle Teddy always looked to the future. After an impassioned speech on the Senate floor outlining his concerns about NAFTA, he supported his President and voted for the agreement.

That is precisely what President Obama has committed to do through TPP. Simply put, it is the most progressive trade deal in history. It will require high standards in digital trade, environmental protections, worker’s rights and other critical areas. It will lower barriers to U.S. goods and services in the world’s fastest growing markets, providing new access to long-protected agricultural markets, such as Japan, for American farmers and ranchers.

TPP will also level the playing field for American firms and workers. It will give businesses competing with state-owned enterprises a fair shot and protect the 40 million Americans whose jobs are dependent on innovation. By increasing our exports, TPP will support more jobs that pay higher wages here at home.

In addition to the limitless economic possibilities, TPP also carries significant strategic benefits. Countries in the region are looking to the U.S. to help maintain the freedom of navigation, commerce and trade that have made the Asian miracle possible. They are eager to expand our alliances and strengthen our security partnerships. Young generations are looking to the United States for stability, opportunity and hope.

To realize the economic and strategic benefits of TPP, Congress needs to pass Trade Promotion Authority. That’s how Congress has worked with American presidents of both parties for decades.

American leadership is essential. With TPP, we can ensure that global trade is fair to American workers and based on the values of individual freedom and opportunity that still inspire the world. As my uncle, Senator Kennedy, said two decades ago, “We cannot turn our backs on progress or cast our votes against the future.”

Caroline Kennedy is the U.S. ambassador to Japan.

Read more: http://www.politico.com/magazine/story/2015/06/dad-jfk-free-trade-democrats-today-should-be-too-tpp-kennedy-118888.html#ixzz3cweU1G00

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About Alexander Gordin
An international merchant banking professional with over twenty years of business operating and advisory experience in the areas of export finance, international project finance, risk mitigation and cross-border business development. Clients include foreign governments, municipalities and state enterprises as well as Fortune 500 and small/medium enterprises. Strong entrepreneurial instincts, combined with leadership and strategic skills. Transactional and negotiations experience in over thirty five countries. Author of the highly acclaimed "Fluent in Foreign Business" book and creator of the "Fluent in OPIC", "Fluent in EXIM","Fluent In Foreign Franchising", "Fluent in FCPA",and "Fluent in USTDA" seminar/webinar series. Currently developing "Fluent In ......" seminars and publications. Co-author of the Fi3 Country Business Appeal Indices. Extensive international business development and project finance transaction experience in healthcare, aerospace, ICT, conventional and alternative energy infrastructure, distribution and hospitality industries. Experience managing international public and private corporations. Co-Founded three companies abroad. Strong Emerging and Frontier Market expertise. Published and featured in numerous publications including: The Wall Street Journal, Knowledge@Wharton, NBC.com, The Chicago Tribune, Industry Week, Industry Today, Business Finance, Wharton Magazine Blog, NY Enterprise Report, Success magazine, Kyiv Post and on a number of radio and television programs including: Voice of America, CNBC, CNNfn, and Bloomberg. Frequent speaker on strategy, cross-border finance and international business development. Executive MBA from the Wharton School at the University of Pennsylvania. B.S. in Management of Information Systems from the Polytechnic Institute of NYU. Specialties Strategic Management Advisory, Export Finance, International Project Finance & Risk Management, Cross-border Negotiations, Structured Finance transactions, Senior Government and Corporate officials liason

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