US negotiators may have to renegotiate Pacific trade pact: senator

“From leaks, we knew quite a bit about the agreement, but in chapter after chapter the final text is worse than we expected with the demands of the 500 official USA trade advisors representing corporate interests satisfied to the detriment of the public interest”.

“Following signature, TPP, like any free trade agreement, will need to go through New Zealand’s Parliamentary processes”, Groser said. Workers, like our members, have been on the losing end of trade agreements for far too long, and this deal fails to change that. That will boost Made-in-America exports overseas while supporting higher-paying jobs right here at home.

While the United States has not accused any of the TPP members of currency manipulation, it has criticized South Korea, which wants to join the trade group, of keeping its currency artificially low.

Political analysts highlight that the TPP will be a “legacy-defining” achievement for U.S. President Barack Obama, an extremely business-friendly Democrat who has continually thrown workers under the bus as he kowtowed to big business throughout his presidency.

“Let’s look for trade agreements that level the playing field, because when we get to play on a level-playing field American production does very well, whether it’s agriculture, whether it’s manufacturing, we’ve got good opportunities when we have a level-playing field”, according to Smith.

“The TPP means that America will write the rules of the road in the 21st century”.

The cattle industry is already burdened by an accumulated deficit of $46.1 billion with the 20 countries that we already have free trade agreements with.

It brings together the United States, Japan, Australia, Canada, Mexico and seven other countries on the borders of the Pacific, but not China, the world’s second-largest economy and one seen as less committed to lowering barriers on cross-border movement of goods and capital.

The move came a day after the release of the full 6,000-page text of the deal, which further polarized debate over the 12-nation deal.

The agreement is likely to increase exports of pork, Prestage added, noting that previous agreements have increased US pork exports by 1550% in value and almost 1300% in volume since 1989.

“The more people understand this agreement the more support it will have”, he said.