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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: 1, Informative) by Anonymous Coward on Sunday March 11 2018, @05:56PM (1 child)

    by Anonymous Coward on Sunday March 11 2018, @05:56PM (#650987)

    Are you just trolling or too stupid to google?

    The text was actually secret for a long time. Are you trolling or too stupid to remember that?

    Purpose was to have a trade deal with all economies in the region *EXCLUDING* China to put some economic pressure on China and reduce their leverage in the region.

    The purpose was corporate supremacy, which is why it included draconian copyright and patent provisions, as well as international corporate tribunals which would threaten the sovereignty of governments. I suspect you are indeed trolling. If our goal was simply to reduce their leverage, then we could do that without draconian copyright and patent rules, and without corporate tribunals. But the US government is too corrupt for that, so good riddance to the TPP in the US.

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  • (Score: 2) by Fluffeh on Sunday March 11 2018, @09:18PM

    by Fluffeh (954) Subscriber Badge on Sunday March 11 2018, @09:18PM (#651080) Journal

    without draconian copyright and patent rules

    I found it rather amusing that the moment the US pulled out of the TPP, it's like those whole volume in the TPP dedicated to copyright and patents was simply thrown out. It's amazing how much the other nations were willing to offer up to be in the agreement. Clearly the cost to the nations of faffing about with all the copyright stuff was worth the price of the expanded free markets. Guess it also goes to show how far the US has fallen when their leaving the TPP no longer causes it to implode.

    If I were a foreign nation that wanted to see the US taken off its perch at the top of the world, I would want it done in such a way where most of the people in the US didn't even realise that anything had changed. So basically, just like Trump is doing. I really didn't think that it was possible to basically be destroying a country on the global scene while all the time chanting MAGA, but apparently I was wrong on that account.