"We are the party that increasingly represents the mainstream view in Britain, which is let's trade with Europe, let's be friendly with Europe but for goodness sake let's govern our own country".
What happened was, is a group, a subset of APEC countries came together and said let's see if we can create a high-standard agreement that is dealing with tariffs and non-tariff barriers to trade, but let's also incorporate a whole range of new trade issues that are going to be coming up in the future -- innovation, regulatory convergence, how we're thinking about the Internet and intellectual property.
And this trade and currency and inequality is also generating a lot of China's growth, which even China concedes is too fast to control, so the U.S. can say now, let your currency become a little stronger, lower your protectionist trade barriers, and then let U.S. products compete in the Chinese marketplace.
"All we are saying is that if we're going to have continued trade, let's at least ensure that the level of safety is equal on the other side of the border, " said Senate Majority Leader Tom Daschle, D-South Dakota.
Since 2001 Australia's stock exchange has had a system in place called ASX World Link, which is intended to let Australian and U.S. investors trade selected stocks on each other's stock markets in their own currency.
While it's unusual for any country to let its neighbour decide its policies, from a trade point of view, it's completely understandable.
Mr Clinton has yet to rally popular support for freer trade, let alone define America's agenda.
During this week when there's been a lot of labor news - starting with the big strike at Chrysler that lasted all of six hours before ending with a labor deal - let's take a look at labor unions - trade unions in particular - in a very different country, Egypt.
Finally, let me remind Mr Lingle and other condescending Americans that America's trade with Asia-Pacific is larger than its trade with Europe.
In terms of time frame, let me give you a sense of perspective from our U.S. Trade Representative, Ron Kirk, who has been in close contact in negotiations with his counterparts on the Russian side.
WHITEHOUSE: President Obama & President Medvedev Joint Press Conference | The White House
But we now have to make sure, back to infrastructure analogy, let's build the right roads and the right systems to allow these products to trade transparently, but still allow enough flexibility for innovation to allow America to thrive in the and not send this business to London or Hong Kong or wherever else it may grow.
Some U.S. lawmakers, for instance, argue China needs to let its currency rise significantly against the U.S. dollar in order to reduce the trade gap between the two nations.
Let's start with the fact that Texas's growth puts the lie to the myth that free trade costs American jobs.
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