Contents with tag: TPP
Civil society organizations raised the issues of transparency of the RCEP negotiations and the trade deal's potential effects to various social sectors last May 10 in Manila.
The Trans-Pacific Partnership is a regional free trade agreement (FTA) created to reduce trade barriers and harmonize rules and regulations that further intensify the concentration of resources, wealth, and power into the hands of industrial countries and their corporate elites.
A few days ago, the United States, Japan and 10 other countries from the Pacific region arrived at a final agreement to approve what has been cited as the largest regional trade accord in history, The Trans-Pacific Partnership (TPP) agreement. The trade deal focuses on lowering trade barriers to goods and services, tightens intellectual property (IP) laws and establishes an investor-state dispute settlement mechanism.
This video briefly covers how the new free trade agreements continue to threaten people's rights, and describes the work of IBON International towards the goal of protecting people's economic rights in trade and investment.
The Trans-Pacific Partnership (TPP) agreement was signed on 4 February 2016. This initiated an ongoing ratification process with the agreement set to go into effect when the collective gross domestic product (GDP) of countries that ratified equals at least 85% of the total GDP of all 12 countries party to the signing: Brunei, Chile, New Zealand, Singapore, United States, Australia, Peru, Vietnam, Malaysia, Mexico, Canada and Japan.
New free trade deals across regions such as the Transpacific Partnership Agreement, Transatlantic Trade and Investment Partnership, and Trade-in-Services-Agreement, among many others are being negotiated that will have far-reaching implications for peoples in both the global North and South and for the future of the world economy. But these deals will neither benefit the democratic majority nor rescue the world economy in crisis.
The Trans-Pacific Partnership Agreement (TPPA), a multilateral free trade agreement (FTA) in Asia-Pacific being negotiated by 12 countries (the United States, Australia, New Zealand, Japan, Singapore, Malaysia, Brunei, Vietnam, Chile, Canada, Mexico and Peru), was the subject of the public forum, "What’s wrong with partnership? An Asian perspective on the Trans-Pacific Partnership."