WASHINGTON (Sputnik) — On Wednesday, House Majority Leader Kevin McCarthy said the US House of Representatives will vote on giving Obama the fast track negotiation authority after securing more votes on the legislation.
The Trade Promotion Authority (TPA) bill, or fast track authority, passed in the Senate on May 22, 2015, but faces an uncertain future in the House this month.
The Trans-Pacific Partnership (TPP) agreement is one of three trade agreements that Obama is currently negotiating with other countries.
The TPP if approved will be the world’s largest free trade deal, involving 12 countries from the Asia-Pacific region, including Australia, Japan, Mexico and Canada. The deal is expected to cover about 40 percent of the global economy.