Trade lawyers reacted with caution to President Obama’s proposal Friday to consolidate six federal agencies that focus on business and trade.
Combining the U.S. Department of Commerce’s core business and trade functions, the Small Business Administration, the Office of the U.S. Trade Representative, the Export-Import Bank, the Overseas Private Investment Corporation, and the U.S. Trade and Development Agency would “streamline government to make it work better for the American people while eliminating duplication, waste and inefficiencies,” according to today’s White House announcement.
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