11 nations agree in principle on TPP Pacific trade deal

[mentalfloss]

11 nations agree in principle on TPP Pacific trade deal

DANANG, Vietnam -- After months of negotiations, the 11 remaining members of the Trans-Pacific Partnership have achieved an agreement on the trade pact in principle at the ministerial level, a decision that could shape the future of business in the Asia-Pacific region for years to come.

"The 11 nations were able to reach a ministerial agreement," Japanese Economy Minister Toshimitsu Motegi told reporters after talks ended late Thursday on the sidelines of the Asia-Pacific Economic Cooperation meeting. "We have been able to agree on a deal that has high standards and is balanced. Creating a new, free and fair [trade] rule in a region experiencing high growth like the Asia-Pacific is very significant."

Sources close to the negotiations said agreements on tariff elimination from the original TPP remained untouched.

The leaders of the 11 nations look to officially agree on the deal Friday and release the details of the reformed trade pact.

The deal is a major achievement for the "TPP 11," which spent months trying to salvage the pact after the U.S. pulled out when President Donald Trump took office.

https://asia.nikkei.com/Spotlight/T...iple-on-TPP-Pacific-trade-deal?n_cid=NARAN012

 

[coldstream]

It'll fall apart.

The surge economic nationalism is a pan Western phenomenon and will become a movement. Free Trade has been a disaster for workers in both the developed and the developing world. The only winners are trading and financial oligarchies and their running dogs.. like that submissive, effeminate fop Justin Trudeau.

The tipping points have been the vast polarization of wealth, deindustrialization and deconstruction of the Middle Class. Justin and the Liberals are signing their own political death warrant.

 

[mentalfloss]

What surge in economic nationalism?

 

[petros]

This is great. Vietnam is like the Mexico of Asia. Chinese can produce goods at ever cheaper labour costs than in the PRC.

 

[darkbeaver]

What surge in economic nationalism?

For christ sake why don't you get your mother to find some reading material for you?

 

[tay]

It'll fall apart.

The surge economic nationalism is a pan Western phenomenon and will become a movement. Free Trade has been a disaster for workers in both the developed and the developing world. The only winners are trading and financial oligarchies and their running dogs.. like that submissive, effeminate fop Justin Trudeau.

The tipping points have been the vast polarization of wealth, deindustrialization and deconstruction of the Middle Class. Justin and the Liberals are signing their own political death warrant.

You're a visionary.........

TPP deal falls apart


A planned meeting of Trans-Pacific Partnership countries was unexpectedly delayed Friday after Prime Minister Justin Trudeau met with his Japanese counterpart at the Asia-Pacific Economic Cooperation summit in Vietnam.

A spokesperson for the prime minister said there is simply no consensus between the 11 member countries at this time.

"We made progress but, as we said coming in, there is no rush to conclude. There are outstanding issues for more than one country.

One of those countries is Canada. We are working hard for Canadians and Canadian jobs in important industries such as automotive, agriculture, culture and intellectual property," the spokesperson said.

National leaders were due to meet to hammer out the final details of a renegotiated trade pact, but plans were ditched at the last minute, a potentially ominous sign for the deal. Instead, Trudeau went ahead with a planned meeting with Sheryl Sandberg, the chief operating officer of Facebook, who is also at the summit.

Officials from Japan had said late Thursday that countries had reached an "agreement in principle," but Champagne pushed back in a statement to Canadian media saying a final agreement was not yet in reach.

more

'Outstanding issues': Trans-Pacific Partnership faces uncertain future after leaders meeting postponed - Politics - CBC News

No Country Should Support A Trade Deal That Disadvantages Its Citizens


For months now, the 11 countries still left in trade deal after the United States pulled out have been musing about trying to resurrect the deal without the U.S. With the Asia Pacific Economic Cooperation (APEC) meeting in Vietnam this week, that speculation will no doubt ramp up.


It's a bad idea.


The TPP is a fundamentally flawed trade deal that puts much at risk in Canada, including higher drug prices, and it threatens the future of Canada's supply management system, with little to offer Canada's economy in return.

The TPP's Investor-State Disputes Settlement system would give extreme powers to investors to sue governments if a law, however much it is supported by the people of that country, threatens a company's profits.

As well, the TPP would hurt Canada's auto sector, thanks to a deal struck between the U.S. and Japan to let cars and parts move tariff-free through TPP member countries, even if more than half (55 per cent) was built outside the TPP. Such a provision puts jobs in Canada at risk, and yet Canada wasn't invited to be part of the discussion.

Frankly, it makes absolutely no sense to stay in a deal that would hurt Canada so badly — especially when the U.S. is no longer part of the deal.

Canada got into this bad deal thanks to the Harper government thinking it had to be part of the TPP because the U.S. was involved. As a result, Canada joined the talks near completion, and had to agree to all these bad provisions just to get a seat at the table.

Canada has said that it wants to pursue a progressive trade agenda. That's a noble goal. Although what that looks like in practice remains to be seen. Its proposals for the renegotiation of the North American Free Trade Agreement, while not perfect, are a step in the right direction.

NAFTA is just one deal, however. A truly progressive trade agenda must be much broader; and that begins with leaving the TPP on the scrap heap of bad ideas, never to be revived.


No Country Should Support A Trade Deal That Disadvantages Its Citizens

 

[mentalfloss]

For christ sake why don't you get your mother to find some reading material for you?

What surge in economic nationalism?

 

[tay]

So Trudeau's people saw the Polls......


'Screwed' by Justin Trudeau, leaders fume over scuppered Trans-Pacific Partnership deal

'Cold feet' suggested as elections loom in Quebec

'Screwed' by Justin Trudeau, leaders fume over scuppered Trans-Pacific Partnership deal - ABC News (Australian Broadcasting Corporation)

 

[darkbeaver]

What surge in economic nationalism?

Your mum should also read to you and explain what the pictures mean.

MF, the Syrian war is an example of economic nationalism, like many other ongoing wars. And yes arms sales are surgeing.

 

[coldstream]

What surge in economic nationalism?

Trump, Brexit.. whatch it over the next decade.. it might come gradually or in tumultuous shocks but it is coming. We are in a paradigm shift. Global free market capitalism is unravelling. And nationalism will have broad cultural implications as well as economic.. away from the idols of moral relativism, radical individualism, secular humanism that is eviscerating Western societies.

 

[darkbeaver]

News Update: Iran and Russia To Trade In Non-Dollar Payments

​

 

[justlooking]

News Update: Iran and Russia To Trade In Non-Dollar Payments

​

Next Week: War with Iran is coming. They went off the dollar.

So Trudeau's people saw the Polls......


'Screwed' by Justin Trudeau, leaders fume over scuppered Trans-Pacific Partnership deal

'Cold feet' suggested as elections loom in Quebec

'Screwed' by Justin Trudeau, leaders fume over scuppered Trans-Pacific Partnership deal - ABC News (Australian Broadcasting Corporation)

So Tater does the right thing, completely by accident.
It'll be signed after the QC election.

 

[darkbeaver]

Next Week: War with Iran is coming. They went off the dollar.
So Tater does the right thing, completely by accident.
It'll be signed after the QC election.

War with Iran for sure among others. Without war and death and starvation the Anglo Zionist monster withers and dies.

 

[IdRatherBeSkiing]

Flossy seems to have forgotten about this topic.

 

[White_Unifier]

Just remember that it's an agreement in principle. In other words, they're only one tenth of the way to a comprehensive agreement. There's still much work to be done.

 

[IdRatherBeSkiing]

Just remember that it's an agreement in principle. In other words, they're only one tenth of the way to a comprehensive agreement. There's still much work to be done.

It's not even that.

 

[mentalfloss]

Thanks to whoever bumped this - I completely forgot!

Great news!

Canada is making it more globally progressive!

We are truly leaders on the world stage (unlike those dirty Americans who thought they could convince the world to become leftard protectionists).

TPP partners reach agreement on 'core elements' of Pacific trade deal

The 11 Trans-Pacific Partnership countries have reached an agreement on "core elements" of the trade pact, namely that all countries will adhere to strict labour and environment standards, a development Canada is championing as a major breakthrough after talks broke down earlier Friday.

The original TPP, which is currently under renegotiation after U.S. President Donald Trump pulled America out of the deal, included strong provisions that demanded all member countries eliminate child and forced labour, adopt and maintain laws and practices governing "acceptable conditions of work," and uphold the right to collective bargaining.

But some countries, including Malaysia and Vietnam, sought to opt out of such provisions during the talks, something Canada felt was untenable.

Those countries have now come back onside, International Trade Minister François-Philippe Champagne said, and have agreed to the terms of the original TPP.

"We got a better deal for Canada, we were also able to enhance the progressive elements — as the prime minister says you don't do trade in the 21st century like you did before," he said.

TPP partners reach agreement on 'core elements' of Pacific trade deal - Politics - CBC News

 

[petros]

That's hilarious.

 

[taxslave]

You're a visionary.........

TPP deal falls apart


A planned meeting of Trans-Pacific Partnership countries was unexpectedly delayed Friday after Prime Minister Justin Trudeau met with his Japanese counterpart at the Asia-Pacific Economic Cooperation summit in Vietnam.

A spokesperson for the prime minister said there is simply no consensus between the 11 member countries at this time.

"We made progress but, as we said coming in, there is no rush to conclude. There are outstanding issues for more than one country.

One of those countries is Canada. We are working hard for Canadians and Canadian jobs in important industries such as automotive, agriculture, culture and intellectual property," the spokesperson said.

National leaders were due to meet to hammer out the final details of a renegotiated trade pact, but plans were ditched at the last minute, a potentially ominous sign for the deal. Instead, Trudeau went ahead with a planned meeting with Sheryl Sandberg, the chief operating officer of Facebook, who is also at the summit.

Officials from Japan had said late Thursday that countries had reached an "agreement in principle," but Champagne pushed back in a statement to Canadian media saying a final agreement was not yet in reach.

more

'Outstanding issues': Trans-Pacific Partnership faces uncertain future after leaders meeting postponed - Politics - CBC News

No Country Should Support A Trade Deal That Disadvantages Its Citizens


For months now, the 11 countries still left in trade deal after the United States pulled out have been musing about trying to resurrect the deal without the U.S. With the Asia Pacific Economic Cooperation (APEC) meeting in Vietnam this week, that speculation will no doubt ramp up.


It's a bad idea.


The TPP is a fundamentally flawed trade deal that puts much at risk in Canada, including higher drug prices, and it threatens the future of Canada's supply management system, with little to offer Canada's economy in return.

The TPP's Investor-State Disputes Settlement system would give extreme powers to investors to sue governments if a law, however much it is supported by the people of that country, threatens a company's profits.

As well, the TPP would hurt Canada's auto sector, thanks to a deal struck between the U.S. and Japan to let cars and parts move tariff-free through TPP member countries, even if more than half (55 per cent) was built outside the TPP. Such a provision puts jobs in Canada at risk, and yet Canada wasn't invited to be part of the discussion.

Frankly, it makes absolutely no sense to stay in a deal that would hurt Canada so badly — especially when the U.S. is no longer part of the deal.

Canada got into this bad deal thanks to the Harper government thinking it had to be part of the TPP because the U.S. was involved. As a result, Canada joined the talks near completion, and had to agree to all these bad provisions just to get a seat at the table.

Canada has said that it wants to pursue a progressive trade agenda. That's a noble goal. Although what that looks like in practice remains to be seen. Its proposals for the renegotiation of the North American Free Trade Agreement, while not perfect, are a step in the right direction.

NAFTA is just one deal, however. A truly progressive trade agenda must be much broader; and that begins with leaving the TPP on the scrap heap of bad ideas, never to be revived.


No Country Should Support A Trade Deal That Disadvantages Its Citizens

AS yes mustn't do anything that might harm Canada's auto industry. No matter how it affects the rest of the country. As usual it is all about Ontario andQuebec.

 

[pgs]

AS yes mustn't do anything that might harm Canada's auto industry. No matter how it affects the rest of the country. As usual it is all about Ontario andQuebec.

That's where the votes are .