Clinton on Trans Pacific Partnership at #DemDebate: ‘It Didn’t Meet My Standards’

Integral to that strategy is TPP, which would create an economic counterweight to China – a vast free trade zone encompassing 40 percent of global GDP that includes advanced economies like Japan and Australia, and emerging markets like Malaysia and Vietnam. However, according to an article from the Wall Street Journal, the latter of the two has expressed interest in joining the TPP in the future. If the TPP proves valuable, perhaps China will join the alliance in the coming months. The demand of New Zealand for an increased access for the country’s diary exports was finally concluded in the early hours of the morning.

But a Ping An Securities report said there’s “no need to be too pessimistic” about TPP’s impact on China. China is the only country with whom these Latin American countries have a deep trade and economic ties.

On October. 4, 1987, Canada and the United States announced the completion of a bilateral free-trade agreement. For example, presidential hopefuls such as Hillary Clinton, Bernie Sanders and Donald Trump have all condemned the deal for different reasons.

In her most recent book, Clinton criticized a key provision of the deal known as “Investor-State Dispute Settlement” which would allow corporations to challenge domestic laws and regulations before an global tribunal. However, I believe such concerns are overblown. While tariffs on industrial goods would be eliminated immediately, tariffs on other products would be removed over a longer time frame. And a few analysts say the deal could boost ag sales $3 billion a year by 2025.

The Trans-Atlantic and Trans-Pacific trade partnerships are non-transparent mechanisms and trade rules in the world should be developed in the World Trade Organization, Russian Foreign Ministry spokeswoman Maria Zakharova said Wednesday.

“Our trading relationship with China since 2008 has been vast, free trade agreements open access to markets and the TPP represents a few of the biggest markets in the world”.

In June the House of Representatives of the US Congress narrowly approved to “fast-track” the TPP, preventing the Congressmen from discussing or amending any parts of the treaty, only vote for or against it. 218 voted for the “fast-track” measure and 208 against. While I am not sure I will ultimately agree with that statement, I am waiting to make a decision until I have reviewed the text.