Connect to share and comment
WASHINGTON - Michael Froman, a senior White House economic adviser and classmate of President Barack Obama at Harvard Law School, on Wednesday won Senate confirmation to be the next U.S. trade representative.
The confirmation vote was 93-4, elevating the 50-year-old Froman to the head of an agency now involved in two of the most significant trade deals in recent history.
Froman, nominated by Obama in May, succeeds former Dallas Mayor Ron Kirk, who resigned as USTR in February after serving through Obama's first term and finalizing free trade agreements with South Korea, Panama and Colombia.
Froman has been serving as deputy national security adviser for international economic affairs and has been involved in co-ordinating White House policy on international trade, investments and energy.
Obama, when he announced Froman's nomination, credited him with helping negotiate the three free trade agreements.
One of his main responsibilities as USTR will be meeting a goal to complete negotiations this year on the Trans-Pacific Partnership, an Asian-Pacific trading bloc that includes the U.S., Australia, Canada, Malaysia, Mexico, Vietnam, Chile, New Zealand, Brunei, Singapore, Peru and Japan.
The trade office will also be at the forefront of just-initiated trade liberalization talks with the European Union known as the Transatlantic Trade and Investment Partnership.
"He's very smart, he's very tough, he's the right person for the job as the United States begins to negotiate trade agreements with Asia, the so-called TPP, as well as trade agreements with the Europeans," said Senate Finance Committee Chairman Max Baucus, D-Mont., in support of the nominee.
Froman worked as Treasury Secretary Robert E. Rubin's chief of staff during the Bill Clinton administration, He was a managing partner at Citigroup and a senior fellow at the Council on Foreign Relations before joining the Obama administration.
All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.