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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, @05:40PM

    by Anonymous Coward on Sunday March 11 2018, @05:40PM (#650975)

    Trump was right: The U.S. would be better off if the Presidents of yore had just gone to the beach instead.

    The U.S. government has spent trillions of dollars of resources (those are world-wide resources, when considering they were allocated through Uncle Sam's borrowing and counterfeiting), and it wasted those resources on nothing of value; there's nothing to show for it. NOTHING.

    Governmentalism is founded on the idea that a government is going to be a pretty damn good steward of society's resources, and that government brains will be pretty damn good investors. Well, once again, for the thousandth time, history has shown that this assumption just ain't true.

    America's "Asia pivot" now? Whose cockamamie idea is that? The same organization who invaded Vietnam based on the worthless Domino Theory?

    Decades later, and Vietnam's communists have been subdued by the joys of capitalistic trade. The lesson is clear: Get the fuck out of the way, governments, and let The People go about their peaceful, voluntary, mutually profitable business.