Boeing CEO comment on Pacific Trade Agreement progress

WASHINGTON, October 7, 2015 – The U.S. Department of Agriculture (USDA) today released a series of fact sheets illustrating how the newly reached Trans-Pacific Partnership (TPP) agreement can boost the USA agriculture industry, supporting more American jobs and driving the nation’s rural economy.

USA lawmakers have the power to review the agreement and cast an up-or-down vote, but not amend it.

U.S. Democratic presidential candidate Hillary Clinton said on Wednesday she did not support the 12-nation Trans-Pacific Partnership (TPP), rejecting a central tenet of President Barack Obama’s strategic pivot to Asia.

The Obama Administration is enjoying a major victory with the announcement of a new trade deal with 12 nations, known as the TransPacific Partnership (TPP).

USA legislators cautiously welcomed the deal.

“Here you had multiple countries – the USA, Canada, New Zealand, Japan and Australia”, Salmonsen said, “all looking at either getting access or defending against granting too much access dealing with dairy products”.

While United States officials have touted the trade deal with Pacific Rim countries as a means to create jobs and write the rules of worldwide trade, labor unions, environmental groups, consumer and heath care organizations across the country have come out against it out of various concerns. “We look forward to continued cooperation leading to implementation of the agreement” said CCLA President & CEO David Turnbull.

One of the big numbers thrown around at the signing of the TPP was that it would cover “about 40% of the world economy”.

“This agreement in my view is truly transformational”, said Canada Trade Minister Ed Fast.

“It matters because New Zealand is becoming more and more attractive as a place to do business and invest in, so it’s critical that we continue to strengthen our tax rules to ensure overseas companies pay their fair share”, he said.

Patrons say it could be worth billions of dollars to the states but critics say it is biased towards corporations and had been negotiated in secret.

They’re frustrated because they can’t get their hands on the text of the agreement, hammered out during a final five days of intense negotiations in the U.S. city of Atlanta and announced on Tuesday morning.