The Joint Economic Committee focused on trade policy and the economy at a hearing on Capitol Hill. The Committee Chair, Vice-Chair and witnesses agreed that the U.S. needs to change its trade strategy in order to better compete globally and spur job creation at home. They also agreed that the change needs to be bipartisan.
The meeting comes as Congress has yet to approve three NAFTA-style agreements with Colombia, South Korea and Panama. The pending deals were reached under President George W. Bush’s presidency.
Other topics discussed included China’s trade practices and currency policies and how they affect the global economy.