Tuesday, April 14, 2015

Battle for Oregon highlights Obama's free-trade challenge

(Reuters) - It is crunch time for President Barack Obama's push to finalize an ambitious Pacific free trade pact and anyone wondering why it is such a tough sell may want to talk to the people of Oregon.

This West Coast state of 4 million people, which hosts major operations of global giants Nike Inc and Intel Corp, exemplifies the nation's ambiguity about free trade and shows the battle lines between its advocates and critics.

With 44 percent of Oregon's exports already heading to the Trans Pacific Partnership countries and an estimated one in five jobs dependent on trade, local businesses are lobbying for the 12-nation pact that would stretch from Japan to Chile, covering 40 percent of the world economy.

Yet scars from two decades of globalization and fears that big business will hijack the agenda make even many of those who may benefit from more trade apprehensive.

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