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Pacific-Rim Nations Led by U.S. Agree to Historic Trade Accord

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donsutherland1

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From Bloomberg.com:

A dozen Pacific-rim nations agreed to an historic trade pact that would cut trade barriers on items ranging from cars to rice, setting up a potentially contentious ratification vote before a skeptical U.S. Congress.

After a week of final talks in Atlanta, an agreement has been reached on completion of the Trans-Pacific Partnership, a pact more than five years in the making designed to boost commerce among nations that produce 40 percent of global economic output, said Akira Amari, a Japanese economics minister who is in charge of negotiations for his nation.
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Pacific-Rim Nations Led by U.S. Agree to Historic Trade Accord - Bloomberg Business

The complete text is not yet available.
 
Not a paragraph on public view before hand. Buying a pig in a poke comes to mind.
 
DaveFagan said:
I think the TPP will go down in infamy just like the Patriot Act and Citizens United. It is an attempt to isolate China and is more likely an attempt to adjust the Economic Spectrum of Full Spectrum Dominance. "The complete text is not available," in an alleged democracy is absolutely unaccepable.
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Two quick points:

1. It would be short-sighted if there weren't at least some vision or path by which China could participate should it desire to do so. China is too large to be isolated and geopolitically its isolation could exacerbate regional rivalries.

2. The text is not yet available. That doesn't meant that it won't be available. Prior to Congress' debate, the text is supposed to be made public. A lack of transparency would, of course, be incompatible with democratic governance.
 
donsutherland1 said:
Two quick points:

1. It would be short-sighted if there weren't at least some vision or path by which China could participate should it desire to do so. China is too large to be isolated and geopolitically its isolation could exacerbate regional rivalries.

2. The text is not yet available. That doesn't meant that it won't be available. Prior to Congress' debate, the text is supposed to be made public. A lack of transparency would, of course, be incompatible with democratic governance.
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In reference to Point 1: Take a look at the signatories in Asia and look for China.
Point 2: The TPP is writtne by Corporations, not citizens. Its' secrecy is blatantly suspicious.
 
DaveFagan said:
In reference to Point 1: Take a look at the signatories in Asia and look for China.
Point 2: The TPP is writtne by Corporations, not citizens. Its' secrecy is blatantly suspicious.
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China isn't a party to the agreement. The question concerns whether there is a path by which China could join if it seeks to do so.
 
donsutherland1 said:
China isn't a party to the agreement. The question concerns whether there is a path by which China could join if it seeks to do so.
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China was not invited to be a party to the agreement. That exclusion speaks volumes and a carefully crafted diplomatic dialogue can be made to sound good, but will not alter that fact.
 
The text of the agreement will be made public as per the trade ministers' statement. The statement reads:

We, the trade ministers of Australia, Brunei Darussalam, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, United States, and Vietnam, are pleased to announce that we have successfully concluded the Trans-Pacific Partnership. After more than five years of intensive negotiations, we have come to an agreement that will support jobs, drive sustainable growth, foster inclusive development, and promote innovation across the Asia-Pacific region. Most importantly, the agreement achieves the goal we set forth of an ambitious, comprehensive, high standard and balanced agreement that will benefit our nation’s citizens.

TPP brings higher standards to nearly 40 percent of the global economy. In addition to liberalizing trade and investment between us, the agreement addresses the challenges our stakeholders face in the 21st century, while taking into account the diversity of our levels of development. We expect this historic agreement to promote economic growth, support higher-paying jobs; enhance innovation, productivity and competitiveness; raise living standards; reduce poverty in our countries; and to promote transparency, good governance, and strong labor and environmental protections.

To formalize the outcomes of the agreement, negotiators will continue technical work to prepare a complete text for public release, including the legal review, translation, and drafting and verification of the text. We look forward to engaging with stakeholders on the specific features of this agreement and undergoing the domestic processes to put the agreement in place.

https://ustr.gov/about-us/policy-of...5/october/trans-pacific-partnership-ministers

In the meantime, the Office of the U.S. Trade Representative has posted a summary of the agreement at:

https://ustr.gov/about-us/policy-of...015/october/summary-trans-pacific-partnership
 
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