Trade Deal to Stabilize Farm Prices

Somewhere between Donald “This deal is bad” Trump and Maude “This deal is bad” Barlow there must be a few stable middle ground.

The agreement on the Trans-Pacific Partnership, reached after five years of often nail-biting sessions, marks a triumph for the United States, especially for President Barack Obama. The pact also breaks new ground on digital trade, which has the potential to extend the benefits of trade from large companies to small firms and individual entrepreneurs by dramatically cutting the costs of engaging in global commerce. The members of TPP will have a comprehensive access to the market. Last Wednesday, Clinton announced her opposition.

TPP could have a significant impact on the automobile and the pharmaceuticals industries.

Anything else learned about the TPP has come by reading leaked drafts of the agreement. TPP nations accounted for 39% of Vietnam’s total exports and 23% of its imports in 2014.

“Unifor aside, criticism has been muted”, acknowledged a government official close to the final talks this week in Atlanta.

Another interesting fact is that Peru, Chile, and Mexico are also the members of Pacific Alliance (another trade agreement).

The TPP “is a major deal for Canada”.

Duowei believes that rather than suppressing China with its military might, the U.S. is now using economic pressure to contain China, enabling it to avoid direct contact while elevating its control over regional nations.

Next to agreements under the World Trade Organization, “I would suggest this is the biggest deal on the planet”. But we already know enough to conclude that, on balance, the agreement will be good for our economy and help spread liberal values across the Pacific. “Sadly, from what we are hearing, the TPP falls short. And they haven’t set those out in any detail”, Herman said. 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.

Because of the political deadlocks that afflict Capitol Hill, the new agreement is a work in progress in terms of the USA legislation. This would allow the U.S.to sell over 100,000 tons of additional rice per year to Japan. Given China’s slowing growth, and overall sluggish world trade, the TPP would revitalize not only rich developed countries but also poor developing countries. On the other hand, the broader economic implications of this deal look far more promising. In Japan, cars and auto-parts makers in particular stand to do well out of the agreement.

Americans are going to find out how much Hillary Clinton will rally her supporters to oppose the corporate-crafted regulatory treaty she strongly promoted as Secretary of State.

Furthermore, the Chinese official said China was “willing to cooperate with the U.S.in formulating global trade regulations” – that is, they can write the rules together – so as to push forward the world’s economic development.

Watt added that even in areas where, for now, NAFTA will remain “the pre-eminent force”, TPP will expand and could eventually supersede those rules as well. Whether or not the TPP gets through Congress will be the effect of the coup.