Thailand gets breathing space as TPP trade deal is strangled at birth

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Thailand gets breathing space as TPP trade deal is strangled at birth
By Nophakhun Limsamarnphun 
The Nation

 

Activists shout slogans as they march during an anti-Trump and anti-TPP protest November 14, 2016 in Washington, DC. /AFP

 

BANGKOK: -- US President-elect Donald Trump’s determination to pull the US out of the Trans-Pacific Partnership (TPP) free-trade deal will hurt the global trading system in the wake of previous World Trade Organisation (WTO) failures to strike a new agreement on trade and investment liberalisation.

 

According to Trump, his new US administration will pursue bilateral trade deals with other countries. Again, this does not bode well for global trade and investment.

However, at the latest Asia Pacific Economic Cooperation (Apec) summit hosted by Peru last weekend, China and Russia announced they would push for an Asia-Pacific free-trade area in the event of the TPP collapsing.

Neither China nor Russia are members of the TPP, which was initiated by outgoing US president Barack Obama as part of his “Asia pivot” to contain China’s economic rise.

 

Full story: http://www.nationmultimedia.com/news/politics/30300583

 

-- © Copyright The Nation 2016-11-24

[anon467367354]

this is great, but this was news last week. It's not like the Thai can breathe a sigh of relief because they won't have to deal with it, Thailand was not offered to be a part of the TPP because it doesn't have a government. The last thing in the world Thailand needs is to sign their country over to foreign western corporations with unelected officials dictating what they can and cannot do in the market. Good riddance TPP, now to make sure to tell the other stupid trade treaties that are coming down the pike to shove it. The TPP is not the only one, the NWO wants total domination.

[Stargeezr]

TPP must have been a turkey of a deal. Maybe now the countries

involved can get back together and actually do a deal that is fair to

all.  Remember Donald Trump was a business man, so just maybe the

TPP had too many flaws for it to be good for the USA,.

Geezer

[nodomino]

The TTP had little to do with 'free trade'  it is/was a bold attempt to supplant civil law with corporate governed arbitration courts that precluded any appeal.  Truly a facsist power grab marketed as a trade deal.  

That is why this Trade agreement was cast as a Treaty.  Treaty Law is the Supreme Law of global governance. Treaty arrangements defeat every nation's civil, and domestic laws.  It would be direct governance of the economy by corporations.