US Senate committee votes down proposal seeking currency manipulation rule in Trans Pacific Partnership (TPP)
The 14-member trade deal will be one of the biggest free trade agreements in the world so far.
The US Senate has voted down a proposal that would have required the country's government to seek inclusion of a currency manipulation rule during the ongoing negotiation of the Trans Pacific Partnership (TPP) free trade deal. The Senate Finance Committee voted 20-6, giving the administration of President Barack Obama "fast track" authority to negotiate a final trade deal. The House Ways and Means Committee will meet on Thursday to consider the proposal. The "fast track" bill allows the administration to go ahead with the deal without amendments, although the final version will be subject to voting by Congress.
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