President Barack Obama this week continued Ecuador’s unilateral trade benefits under the Andean Trade Promotion and Drug Eradication Act (ATPDEA) for another six months without conditions, despite controversies over the government’s handling of investment disputes and an intense lobbying campaign by Chevron and business groups against such an outcome.
Sources this week said despite President Barack Obama’s public urging that the Senate take up the House climate change bill soon, passage through the Senate will be arduous. Sources said the bill lacks an unifying champion to shepherd it through multiple committees and onto the floor, and that industry wants tougher trade-related measures than in the House bill despite White House opposition to this.
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