Monthly Archives: September 2015

Next New Deal: TPP Would Weaken U.S. Economy and Fail to Check China’s Rise

Next New Deal, a blog of the Roosevelt Institute, just published Statement to Congress: TPP Would Weaken U.S. Economy and Fail to Check China’s Rise

I would like to begin on points of agreement between proponents: it matters a lot who gets to write the rules for how our economy and the international economy work. Last week’s historic vote by you and your colleagues on Trade Promotion Authority and Trade Adjustment Assistance showed how much the rules matter. What this said is that something is broken in the ways the United States makes trade rules: the dysfunction of the implicit agreement between Congress and the President—and his delegated ambassador as United States Trade Representative—in how Constitutional division of authorities to make international agreements will govern in practice.

When the rules matter this much, we should take the time to get them right, rather than bull-doze non-transparent new rules through Congress. What we know about the agreement—from Wikileaks, and from conversations with negotiators of more open TPP countries—is that the Trans-Pacific Partnership (TPP) has less to do with freeing trade, creating jobs, raising wages, or rebalancing geo-politics than it does with rewriting the rules of global trade and investment to favor big businesses at the expense of almost everyone else in society.

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Read the full article here.

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Globe & Mail: Final push for Pacific Rim pact set for end of September

Globe & Mail report that the Final push for Pacific Rim pact set for end of September, right in time for the upcoming Canadian elections:

An effort to land a massive Pacific Rim free trade agreement within weeks is under way, raising the prospect the wide-ranging Trans-Pacific Partnership could dominate the final stretch of the Canadian election campaign.

Chief negotiators for the 12 countries involved, including Canada, will begin meeting in Atlanta on Sept. 26, and trade ministers will join the next week, possibly Sept. 30, a Canadian government official said.

The chances Canadian voters will be confronted with a sweeping trade deal before they have chosen a new government have suddenly increased tremendously.

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Read the full article here.

What does the Trans-Pacific Partnership deal mean for your family? (Warning: Video includes mild Australian humor)

What does the Trans-Pacific Partnership deal mean for your family? You can find out here! And enjoy a lovely Australian accent at the same time!

What does TPP mean for your family?

Here’s a link to this cheeky video on international trade policy:
https://youtu.be/5StztvYw5SA

Where the TPP Could Lose by Foreign Policy In Focus

Foreign Policy In Focus reports Where the TPP Could Lose:

Activists in Chile have made their government draw red lines on the corporate-friendly investment deal. North Americans could take a lesson.

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But even if negotiators can reach a final accord, which is far from certain, the pact must still be approved by other national legislatures. And here, the United States is not the only country we should be watching. In Chile, where the administration of President Michelle Bachelet has moved forward with the TPP negotiation process, opposition is strong in the legislature. Even Bachelet’s minister of foreign affairs has indicated that Chile won’t sign the agreement if the TPP doesn’t meet certain criteria.

The Chilean controversy over the TPP highlights some of the biggest problems with the agreement — for working people in Chile, the United States, and around the world — and it makes plain the false promises the Obama administration used to push Democrats to support fast track.

Read the full article here.

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