FACTBOX - Trade issues in the U.S. presidential race

(Reuters) - The U.S. presidential election on November 4 will be a contest between Democrat Barack Obama and Republican John McCain.

Following are some of McCain and Obama's main positions on trade -- a contentious issue in this election.

MCCAIN

* Free Trade Agreements. Supports congressional approval of deals the Bush administration has negotiated with Colombia, South Korea and Panama and wants to negotiate a new free trade pact with the 27 nations of the European Union.

* North American Free Trade Agreement. Says the United States has benefited from the 14-year-old pact and opposes any "unilateral" U.S. effort to force changes in the agreement.

* World Trade Talks. Favours completion of the Doha round of world trade talks that were launched in 2001 with the goal of helping developing countries prosper through trade.

* Fast Track. Wants renewal of "fast track" negotiating authority that allows the White House to negotiate trade deals that Congress must approve or reject without changes

* Trade Enforcement. Believes negotiation of trade agreements must be accompanied by effective enforcement to make sure other countries live by the rules.

* Retraining. Wants to overhaul unemployment insurance to make it a program for retraining, relocating and assisting workers who have lost their jobs.