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CGK

Trans Pacific Partnership trade deal signed in Auckland

16 posts in this topic

While no one was watching...

 

The Trans Pacific Partnership, one of the biggest multinational trade deals ever, has been signed by ministers from its 12 member nations in New Zealand.

The ceremony in Auckland brings the huge trade pact, which has been five years in the making, another step towards to becoming a reality.

But the TPP continues to face opposition.

The 12 nations account for some 40% of the world's economy - they now have two years to ratify or reject the pact.

Australia's minister for trade Andrew Robb was the first to sign the pact. Those attending the ceremony cheered as his counterpart, New Zealand trade minister Todd McClay, added the last signature.

The TPP involves the US, Japan, Malaysia, Vietnam, Singapore, Brunei, Australia, New Zealand, Canada, Mexico, Chile and Peru.

Those against the deal, particularly some Americans, fear it could mean jobs will move from the US to developing countries.

Write the rules of 21st Century'

However, US President Barack Obama said the agreement was a new type of trade deal "that puts American workers first".

More: http://www.bbc.com/news/business-35480600

f*** You Obama!

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They have 2 years to reject or ratify it? Really? By then, everyone will be onto another issue and if they're this quiet then, we'll never hear about it then, either. 

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Published on Feb 3, 2016

A group of around 1,000 activists protesting against the Trans-Pacific Partnership (TPP) have blocked roads in Auckland, as the participant states’ delegations gathered in New Zealand to formally sign the controversial free trade agreement.
The TPP agreement, hailed as the “biggest trade deal in a generation,” was signed in a ceremony attended by ministers from the 12 Pacific Rim countries at Auckland’s Sky City Casino, to the dislike of hundreds of protesters.

 

 

 

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22 minutes ago, CGK said:

While no one was watching...

 

The Trans Pacific Partnership, one of the biggest multinational trade deals ever, has been signed by ministers from its 12 member nations in New Zealand.

The ceremony in Auckland brings the huge trade pact, which has been five years in the making, another step towards to becoming a reality.

But the TPP continues to face opposition.

The 12 nations account for some 40% of the world's economy - they now have two years to ratify or reject the pact.

Australia's minister for trade Andrew Robb was the first to sign the pact. Those attending the ceremony cheered as his counterpart, New Zealand trade minister Todd McClay, added the last signature.

The TPP involves the US, Japan, Malaysia, Vietnam, Singapore, Brunei, Australia, New Zealand, Canada, Mexico, Chile and Peru.

Those against the deal, particularly some Americans, fear it could mean jobs will move from the US to developing countries.

Write the rules of 21st Century'

However, US President Barack Obama said the agreement was a new type of trade deal "that puts American workers first".

More: http://www.bbc.com/news/business-35480600

f*** You Obama!

Why are those men standing there with their 3rd Eyes pressed together like that? That is weird! 

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President Barack Obama hailed the signing of one of the biggest trade deals in history, saying the Trans-Pacific Partnership would give the United States an advantage over other leading economies, namely China.

TPP allows America -- and not countries like China -- to write the rules of the road in the 21st century, which is especially important in a region as dynamic as the Asia-Pacific," Obama said in a statement Wednesday after the deal was signed in New Zealand by all 12 member nations, including the US.

The ambitious pact aims to break down trade and investment barriers between countries comprising about 40 percent of the global economy.

However, protesters and opposition to the deal in the United States argue it will cost jobs and impact on sovereignty.

More:http://news.yahoo.com/obama-hails-signing-huge-us-led-pacific-rim-000311393.html;

 

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Of course it will cost jobs, that's what it's about. Exporting jobs to emerging economies and importing the crap products to sell to people with ebt cards. What could possibly go wrong?

Edited by Brio
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The TPP levels the playing field for the world, it makes everyone equally poverty stricken.

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1 minute ago, Cinnamon said:

The TPP levels the playing field for the world, it makes everyone equally poverty stricken.

Neighbor of mine is a rancher, we talked to him about buying a side of beef, he said it's really expensive now, at least $5.50/lb cut and wrapped. That's the entire side, steak, roast, ground, chuck, everything. But at the grocery store the cheapest ground is $6/lb and just try and get a decent roast for under $20/lb.

The difference is, those with enough cash to buy $1200 lbs of beef get it for 1/3 the cost of those who can only purchase 1 lb at a time. It's like buying an appliance. If you need a fridge but don't have $1,000 to buy it outright, you finance it right? Then you pay $1700 for the fridge that is designed to be replaced in <10 years because the good fridge that will last 30 years is twice the price. And poor people still shop at malwart.

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1 hour ago, Brio said:

Of course it will cost jobs, that's what it's about. Exporting jobs to emerging economies and importing the crap products to sell to people with ebt cards. What could possibly go wrong?

I think it's more about the impact on sovereignty.

 

I don't have cable. This isn't even the little news feed thing at the bottom?

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