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The renamed TPP, the Comprehensive and Progressive Agreement for Trans-Pacific Partnership has been signed by 11 countries. https://globalnews.ca/news/4069924/tpp-trans-pacific-partnership-signing-canada/
Thankfully, Trump's withdrawal from the TPP allowed the Canadian people to persuade their government to push for removal of most of the contentious IP obligations that the US demanded, http://www.michaelgeist.ca/2017/11/rethinking-ip-in-the-tpp/. America is considering rejoining, https://www.nytimes.com/2018/02/27/us/politics/mnuchin-tpp-trans-pacific-partnership-trump.html
The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) will reduce tariffs in countries that together amount to more than 13 per cent of the global economy – a total of $10 trillion. With the United States, it would have represented 40 per cent.
Even without the United States, the deal will span a market of nearly 500 million people, making it one of the globe's three largest trade agreements, according to Chilean and Canadian trade statistics.
[...] Trump has also threatened to dump the North American Free Trade Agreement unless the other two members of the pact, Canada and Mexico, agree to provisions that Trump says would boost U.S. manufacturing and employment. He argues that the 1994 accord has caused the migration of jobs and factories southward to lower-cost Mexico.
[...] The 11 member countries are Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam.
(Score: 5, Insightful) by RamiK on Sunday March 11 2018, @06:16AM (5 children)
In order to approve the provisions, the US state department will need to put together 13 different teams to individually negotiate with each nation on each provision. The guys sitting on the opposite side of the table:
1. Are not the same guys as before since those teams were broken apart when the treaty was signed.
2. Will demand a price for every provision but won't have to give up on anything since the treaty was already signed so the US can't negotiate terms elsewhere in the treaty.
3. Will talk it over with the other members to cartel the US to paying up more.
Considering all these awful prerequisites to renegotiate provisions, the reporters chose to follow the assessment of the Japanese team that the provisions aren't going to happen and that at best, the US will just have to take the loss and sign the treaty while hoping to push the IP provisions in another pact or in individual treaties later.
Regardless, bad day for the (American) corporations that supported the provisions.
compiling...
(Score: 2) by jb on Sunday March 11 2018, @06:39AM (2 children)
You seem to be labouring under the misapprehension that the the AU, CA & JP governments didn't support those provisions. Remember attribution notes in the negotiating draft of the IP Chapter that was leaked a few years ago? They made it pretty clear that US was not the only Party pushing those provisions.
If AU, CA & JP genuinely didn't want those provisions to make it in, after the US withdrawal they'd have dispensed with them altogether in CPTPP (and the other 8 Parties would not have been likely to object).
"Suspending" those provisions instead is an obvious & transparent ploy -- designed to make CPTPP easier to sell to the people at home up front, which in turn makes it easier to use a subsequent US return as a convenient excuse to "unsuspend" them again.
Unfortunately it wouldn't be the US State Department, it'd be the USTR. That's right, the US lets its industry do much of its trade negotiation ... whereas here in AU (and in the other 10 Parties) industry is expected to sit in the dark like mushrooms and pretend that it's somehow possible to our government to represent our views on a deal we don't even get to see until negotiations have already concluded...
They could try, but they'd fail. The "price" the US offers is bringing with it a market that's far larger than any other TPP Party -- and that's the stick that USTR always wields: won't be any different on accession than it was during the original negotiations.
(Score: 1, Interesting) by Anonymous Coward on Sunday March 11 2018, @09:38AM (1 child)
The PURPOSE of TPP was to put pressure on China economically while increasing importance of US. So, talk about cutting one's nose off to spite the face. Thanks to Trump, US is becoming less and less relevant in Asia.
(Score: 2, Interesting) by Anonymous Coward on Sunday March 11 2018, @06:03PM
The purpose of the TPP was corporate supremacy under the guise of free trade. You have foolishly bought into the lies.
(Score: 2) by captain normal on Sunday March 11 2018, @06:47AM (1 child)
"... US state department will need to put together 13 different teams to individually negotiate with each nation on each provision."
Right?...and where is this team supposed to come from? In a executive branch that can't seem to pull together a functioning staff of any kind?
Everyone is entitled to his own opinion, but not to his own facts"- --Daniel Patrick Moynihan--
(Score: 5, Interesting) by Anonymous Coward on Sunday March 11 2018, @09:29AM
> ...and where is this team supposed to come from? In a executive branch that can't seem to pull together a functioning staff of any kind?
My reading of "until the USA decides to rejoin" was "until the next administration", so that may be irrelevant.
It appears that most other countries are waiting/hoping for a somewhat-competent adult that can be reasoned with to replace Trump. For the time being, they're trying to get some minor advantages by manipulating the Kindergartener-in-Chief -- with admittedly very limited success, since he's so far out their diplomatic experience is almost useless.
When dealing with the US, diplomats should be replaced with people that have the requisite experience to deal with the current administration -- preschool teachers. Even better if they're good-looking young women with a high tolerance for sexual harassment. That could result in a few very beneficial treaties...