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Vypr
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Trans-Pacific Partnership has been resurrected — without the US
Nov 13th, 2017 at 2:50pm
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Trans-Pacific Partnership has been resurrected — and it’s happening without the US

On January 23, only three days into his administration, President Donald Trump withdrew from the negotiations process over the Trans-Pacific Partnership (TPP), the gargantuan free-trade agreement that he’d railed against on the campaign trail as a job killer. Many analysts figured that US withdrawal spelled doom for the entire agreement.

But on Saturday, the 11 remaining Pacific Rim countries agreed on a way forward — without the United States. The remaining bloc, whose trade totaled about $350 billion last year, now has a blueprint to start trading more freely between themselves in a resurrected form of the deal.

There are still many details for the member countries — which include Mexico, Japan, Australia, and Canada — to work out. But the pact, called the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, looks a little different from when the US was part of the negotiations through the end of Barack Obama’s presidency.

About 20 provisions that were once part of the TPP talks have been "suspended," according to a joint statement by the agreement’s member countries. And there are still four sticking points — including a commitment on coal that affects Brunei — to solve, but experts say a final deal could be announced as early as next year. Each country would still have to sign and ratify the deal to be a member of the agreement.

Ironically, the new deal was announced while many of the bloc’s leaders were with Trump during an international forum in Vietnam. On Friday, Trump gave a speech at the gathering where he said there were “trade abuses” in Asia that hurt the American worker. That was just one day after he accused China of “taking advantage” of the US in trade — and put the blame on past US administrations.

While Trump pursues an America First foreign and trade policy, it looks like at least 11 countries don’t mind leaving America alone.


https://www.vox.com/2017/11/11/16637826/trump-trans-pacific-partnership
  

Rare moments of candid truth...  RWB wrote on Nov 15th, 2017 at 9:32am:
Trump's an idiot everyone knows that

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Harry and company
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Re: Trans-Pacific Partnership has been resurrected — without the US
Reply #1 - Nov 13th, 2017 at 2:55pm
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You should start a thread or 12 on this.
  
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Vypr
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Re: Trans-Pacific Partnership has been resurrected — without the US
Reply #2 - Nov 13th, 2017 at 2:58pm
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Harry and company wrote on Nov 13th, 2017 at 2:55pm:
You should start a thread or 12 on this.

You should go dig up a ouija board try channeling Kevorkian.
  

Rare moments of candid truth...  RWB wrote on Nov 15th, 2017 at 9:32am:
Trump's an idiot everyone knows that

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Harry and company
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Re: Trans-Pacific Partnership has been resurrected — without the US
Reply #3 - Nov 13th, 2017 at 2:59pm
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Vypr wrote on Nov 13th, 2017 at 2:58pm:
You should go dig up a ouija board try channeling Kevorkian.


I'm sure you don't need my help to find help.
  
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Re: Trans-Pacific Partnership has been resurrected — without the US
Reply #4 - Nov 13th, 2017 at 3:02pm
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Vypr wrote on Nov 13th, 2017 at 2:50pm:
Trans-Pacific Partnership has been resurrected — and it’s happening without the US

On January 23, only three days into his administration, President Donald Trump withdrew from the negotiations process over the Trans-Pacific Partnership (TPP), the gargantuan free-trade agreement that he’d railed against on the campaign trail as a job killer. Many analysts figured that US withdrawal spelled doom for the entire agreement.

But on Saturday, the 11 remaining Pacific Rim countries agreed on a way forward — without the United States. The remaining bloc, whose trade totaled about $350 billion last year, now has a blueprint to start trading more freely between themselves in a resurrected form of the deal.

There are still many details for the member countries — which include Mexico, Japan, Australia, and Canada — to work out. But the pact, called the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, looks a little different from when the US was part of the negotiations through the end of Barack Obama’s presidency.

About 20 provisions that were once part of the TPP talks have been "suspended," according to a joint statement by the agreement’s member countries. And there are still four sticking points — including a commitment on coal that affects Brunei — to solve, but experts say a final deal could be announced as early as next year. Each country would still have to sign and ratify the deal to be a member of the agreement.

Ironically, the new deal was announced while many of the bloc’s leaders were with Trump during an international forum in Vietnam. On Friday, Trump gave a speech at the gathering where he said there were “trade abuses” in Asia that hurt the American worker. That was just one day after he accused China of “taking advantage” of the US in trade — and put the blame on past US administrations.

While Trump pursues an America First foreign and trade policy, it looks like at least 11 countries don’t mind leaving America alone.


https://www.vox.com/2017/11/11/16637826/trump-trans-pacific-partnership



It's a thoroughly bad thing.
I know you can gain some anti Trump fun from this, but for anyone who approves of democracy, accountability or decent treatment for citizens, the TPP is bad news.
  

Under Capitalism, Man exploits Man.

Under Communism, it's the exact opposite.
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Re: Trans-Pacific Partnership has been resurrected — without the US
Reply #5 - Nov 13th, 2017 at 3:03pm
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Ignore my last.


I was on TTIP mode.
  

Under Capitalism, Man exploits Man.

Under Communism, it's the exact opposite.
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