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from the not-surrendering-to-corporations-for-now dept.
Common Dreams reports
Senate Majority Leader Mitch McConnell said [August 25] that the U.S. Senate will not vote on the 12-nation, corporate-friendly Trans Pacific Partnership (TPP) this year, buoying progressive hopes that the trade deal will never come to fruition.
[...] McConnell told a Kentucky State Farm Bureau breakfast in Louisville that the agreement, "which has some serious flaws, will not be acted upon this year".
Common Dreams also reports
Germany's Vice Chancellor and Economic Minister said that the controversial Trans-Atlantic Trade and Investment Partnership (TTIP) has "de facto failed", admitting that negotiations between the U.S. and E.U. have completely stalled.
"Negotiations with the U.S. have de facto failed because, of course, as Europeans, we couldn't allow ourselves to submit to American demands", Sigmar Gabriel told the German news station ZDF [1][2] in an interview that will air at 7pm German time [August 28], according to Der Spiegel. [1]
"Everything has stalled", Gabriel said.
[1] In German [2] Content behind scripts
Reported by BBC, in English.
In 14 rounds of talks, the two sides had not agreed on a single common chapter out of 27 being discussed, Mr Gabriel said. "In my opinion the negotiations with the United States have de facto failed, even though nobody is really admitting it," said Mr Gabriel.
He suggested Washington was angry about a deal the EU struck with Canada, because it contained elements the US does not want to see in the TTIP.
(Score: 2) by TheRaven on Tuesday August 30 2016, @09:00AM
Farm subsidies are a tricky one, because they're bundled up in national security. A bunch of countries (the UK in particular) learned during the Second World War how important it is to be able to produce enough food that you can feed your own people. The farm subsidies don't exist to make the farms useful, they are there to keep them in existence and with skilled farmers so that they can quickly be made useful if it looks as if trade is going to be disrupted.
Note that a complete blockade scenario is not the only kind of threat. Significantly devaluing your currency (for example, as the result of 52% of your population voting to try to kill the economy in a referendum) will also make imports more expensive and can have a similar effect from the perspective of the poorer segments of the population.
sudo mod me up
(Score: 0) by Anonymous Coward on Wednesday August 31 2016, @01:13AM
Yes farms are special, people need to eat. Banks are also special, if your banks fail you're screwed, and technology, and weapons, and research for new weapons, and resources - can't be allowed to run out of them, anything high tech - don't want those commie backdoors, medicines, also kitchen sinks, etc.
Is there anything that isn't vitally important should your country be blockaded or trade is otherwise disrupted?
All thats left is rich countries exploiting poorer countries to make useless widgets for the cheapest possible price while not allowing them to move up the value chain or actually compete with the already rich, because 'national security'.