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posted by janrinok on Sunday March 11 2018, @01:42AM   Printer-friendly
from the life-goes-on dept.

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.


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  • (Score: 0) by Anonymous Coward on Sunday March 11 2018, @04:33PM

    by Anonymous Coward on Sunday March 11 2018, @04:33PM (#650951)

    The problem with these trade deals is that they're designed to help the richest. And not only are they not designed with the poor in mind, typically, but they often target the poorest by removing a country's ability to protect their workers against unreasonable conduct. The WTO in particular was a bad idea as environmental and workplace safety regulations could be seen as illegal trade barriers.

    What's more, these trade deals are pretty much always better for countries behind the curve than those ahead as it makes it easier to offshore jobs to where labor is cheaper than what domestic workers can afford to work for.