The Trans-Pacific Partnership Agreement is led by the US along with 11 Pacific Rim countries. While negotiations were completed last February 2016, the TPPA has not yet been ratified. It poses grave threats to national sovereignty and people’s rights while clearly designed to boost corporate profit and control.
Amid growing dissent and discontent globally against neoliberal free trade and investment agreements (FTAs), trade negotiators from the 16-member Regional Comprehensive Economic Partnership (RCEP) gather in Manila, Philippines for its 18th Trade Negotiating Committee Meeting.
As trade ministers from the 16-member Regional Comprehensive Economic Partnership (RCEP) trade deal converged in Kobe, Japan, the People Over Profit network strongly opposes the RCEP and warns of impending threats on people’s rights across Asia Pacific.
As the United States officially walks away from the Trans-Pacific Partnership (TPP), the people must remain vigilant over possible replacements. According to news reports, US President Donald Trump will seek to boost U.S. manufacturing through “one-on-one trade deals with countries that would allow the United States to quickly terminate them in 30 days ’if somebody misbehaves.’”
Civil society groups and social movements from Indonesia and across Asia Pacific warned of intensified land grabs and unemployment as the 16th round of negotiations for the China-led Regional Comprehensive Economic Partnership (RCEP) begins in Indonesia from Dec 7-9, 2016.
China will seek support for a Beijing-led Asia-Pacific free trade area at a regional summit in Peru later this month, Chinese officials said on Thursday, after Donald Trump’s U.S. election win dashed hopes for a U.S.-led free trade pact.
In a bid to overcome the WTO deadlock, monopoly capital has instead diverted its focus on bilateral and regional Free Trade and Investment Agreements (FTAs) that aim to dismantle existing labor, environmental, health and financial laws while boosting corporate profit and control.
More than just being a trade deal, the TPP is an important component of the US scheme to maintain its hegemony in Asia Pacific.
With the veil of secrecy lifted a little more on the strictly secret talks of the Trade in Services Agreement (TISA) after Wikileaks published large chunks of negotiating text, delegations gathered for negotiations of the trade deal this week in Geneva face some noisy opposition.