Comprehensive and fair free-trade agreements should be negotiated throughout the Western hemisphere, with the European Union, and bilaterally with selected other countries. We should ally ourselves with business associations in Europe to fight the EU’s increasingly anti-business regulations and legislation. We must monitor China’s progress toward meeting its World Trade Organization (WTO) obligations and encourage it to raise the value of its currency compared to the dollar. We must fight intellectual property theft and counterfeit manufactured goods as threats to the US economy. We support extension of the President’s Trade Promotion Authority.