Negotiators fail to close deal amid revelations of internal discord over US corporate bullying. The Obama administration's pro-corporate Trans-Pacific Partnership (TPP) agenda appears to have missed a deadline.
If government and big business representatives from 12 countries spend years negotiating a massive new trade bill but don't tell the general public about it, does it still go into effect? Can it still accelerate the flow of American jobs to countries that have abysmal records on human rights and labor rights, countries like Vietnam? Can it still spur a race to the bottom where Americans forfeit their moral, environmental and employment standards for larger trade deficits of cheap imported goods and minimum wage employment at home?
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As the U.S. continues to hammer out multi-nation trade agreements like TPP, seeing that dealmakers act in the best interests of all stakeholders can be a tall order. Especially when a dozen countries, their negotiators, and some 600 corporate "trade advisers" have pinkie-sworn to keep the details "secret."
Today, 151 Democratic members of the House of Representatives sent a letter to President Obama laying out their concerns about the lack of consultation during the Trans-Pacific Partnership (TPP) negotiations and their opposition to “fast tracking” the deal without any meaningful congressional input. House Democrats joined the growing chorus of some 194 members of Congress who have publicly expressed their frustrations with this massive trade agreement.
First global trade deal in 20 years to boost world commerce 'favours big business at the expense of developing countries' The World Trade Organisation has sealed its first global trade deal after almost 160 ministers who had gathered on the Indonesian island of Bali agreed to reforms to boost world commerce.
Developing countries including India win concessions but critics say World Trade Organisation is no forum for helping the poor. The first global trade deal since the creation of the World Trade Organisation (WTO) nearly two decades ago was condemned by anti-poverty groups on Friday as a boost for big business at the expense of developing nations.
A new caucus of supporters of the Trans-Pacific Partnership agreement under negotiation was launched yesterday in the US Congress.
The Friends of the Trans-Pacific Partnership (TPP) caucus is headed by four co-chairman: Republican Reps. David Reichert of Washington and Charles Boustany of Louisiana, and Democratic Reps. Ron Kind of Wisconsin and Gregory Meeks of New York.
Outside Salt Lake City’s Grand America Hotel on Tuesday, the rains fell, the speakers rose, the marchers chanted.
Inside, top trade negotiators from the United States and 11 other Pacific Rim nations perhaps discussed imports and exports, profits and products, prices and patents. The exact topics aren’t known. The talks were closed.
We wrote yesterday that this deal, the Trans Pacific Partnership, already looked to be in trouble given both Congressional and foreign opposition. The Administration has conducted the talks with an unheard-of degree of secrecy, with Congressional staffers in most cases denied access to the text and even Congressmen themselves facing unheard-of obstacles (Alan Grayson reported that the US Trade Representative created an absurd six weeks of dubious delays in his case).