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Undated: The Trans-Pacific Partnership (TPP) is a defunct proposed trade agreement between Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, Vietnam, and United States signed on 4 February 2016, which was not ratified as required and did not take effect. After the United States withdrew its signature, the agreement could not enter into force. The remaining nations negotiated a new trade agreement called Comprehensive and Progressive Agreement for Trans-Pacific Partnership, which incorporates most of the provisions of the TPP and which enters into force on 30 December 2018.
-- 2016 --
Undated: Pros and Cons of TPP
Businesses as well as consumers benefit from relatively open international trade as long as the rules are fair. Done right, trade brings consumers low prices, brings markets a wider variety of choices, and enables economic development. In contrast, intensely protectionist trade policies may help a specific, narrow stakeholder base (such as employees, owners and investors of a business threatened by imports) but they often have a negative effect on the overall economy.
Getting trade policy right requires a balance.
September 16: Trump: TPP is a disaster for many reasons | Fox Business Video
November 22: What Trump's vow to quit TPP trade deal means for human rights
-- 2017 --
January 23: President Donald Trump has begun carrying out his campaign pledges to undo America's trade ties -- starting Monday with executive action to pull the United States out of the Trans-Pacific Partnership
Great thing for the American worker, what we just did," Trump told reporters
Monday in the Oval Office as he signed the order.
Nothing changes because of Trump's move. Congress had not yet approved the TPP -- its fate was bleak on Capitol Hill no matter what the White House did -- and the deal had not yet taken effect.
January 23: President Trump’s cancellation Monday of an agreement for a sweeping trade deal with Asia began recasting America’s role in the global economy, leaving an opening for other countries to flex their muscles.
Trump’s executive order formally ending the United States’ participation in the Trans-Pacific Partnership was a largely symbolic move intended to signal that his tough talk on trade during the campaign will carry over to his new administration. The action came as China and other emerging economies are seeking to increase their leverage in global affairs, seizing on America’s turn inward.
Mexico’s President Enrique Peña Nieto declared Monday that his country hopes to bolster trade with other nations and limit its reliance on the United States. Chinese state media derided Western democracy as having “reached its limits”; President Xi Jinping had touted Beijing’s commitment to globalization during his first appearance at the annual gathering of the world’s economic elite last week in Davos, Switzerland.
January 23: Why Trump Killed TPP — And Why It Matters To You
January 23: Digital Rights Activists Hail Trump's Death Blow Against TPP
... digital privacy and rights groups roundly criticized the TPP for restricting the freedom of information and lambasted what they say was the lack of transparency in the drafting of the deal.
January 24: Trump executive order pulls out of TPP trade deal
June 22: Trump’s Five Mistaken Reasons for Withdrawing from the Trans-Pacific Partnership
It's still not too late to save America's trading future.
November 7: Trump Pulled Out Of The TPP. Now He’s Trying To Win TPP Provisions In Asia. Lower trade barriers. Better protections for intellectual property. More banking transparency
Those were some of the provisions in the
Trans-Pacific Partnership, negotiated by the Obama administration, that
Donald Trump bashed on the campaign trail and then withdrew from days after
On his Asia trip, Trump is pitching the same trade benefits that were in the Trans-Pacific Partnership he professed to hate.
November 10: Ministers Reach Deal on Pacific Trade Without US
a major breakthrough, trade ministers from 11 Pacific Rim countries said they
reached a deal Saturday to proceed with the free-trade Trans-Pacific Partnership
deal that was in doubt after President Donald Trump abandoned it in January.
November 10: A blockbuster Pacific trade pact abandoned by U.S. President Donald Trump has edged closer to becoming reality after days of tense talks in Vietnam.
Japanese Economy Minister Toshimitsu Motegi said the 11 remaining members of the Trans-Pacific Partnership had secured a framework agreement on how to salvage the deal. Canada, which had held out for a day on signing onto the agreement, said it had won some desired concessions while warning that work is needed to reach a full deal.
November 10: Japanese Economy Minister Toshimitsu Motegi said he hoped that moving ahead with the trade deal would be a step towards bringing back the United States.
Partly to counter China’s growing dominance in Asia, Japan had been lobbying hard for the TPP pact, which aims to eliminate tariffs on industrial and farm products across the 11-nation bloc whose trade totalled $356 billion last year.
-- 2018 --
April 12: President Trump, in a sharp reversal, told a gathering of farm-state lawmakers and governors on Thursday morning that the United States was looking into rejoining a multicountry trade agreement known as the Trans-Pacific Partnership, a deal he pulled out of days after assuming the presidency.
Mr. Trump’s reconsideration of an agreement he once denounced as a “rape of our country” caught even his closest advisers by surprise and came as his administration faces stiff pushback from Republican lawmakers, farmers and other businesses concerned that the president’s threat of tariffs and other trade barriers will hurt them economically.
April 12: Members of an 11-nation Asia-Pacific trade pact said Friday they opposed any renegotiation of the deal to accommodate the U.S. should it decide to rejoin at a later date.
Ministers from Japan, Australia and Malaysia welcomed President Donald Trump directing officials to explore returning to the Trans-Pacific Partnership, a pact he withdrew from shortly after coming to office. But they also cautioned against making any significant changes.
"We welcome the U.S. coming back to the table but I don’t see any wholesale appetite for any material re-negotiation of the TPP-11,” Australia Trade Minister Steven Ciobo said Friday.
April 13: Trump Weighs Return to Trans-Pacific Partnership. Not So Fast, Say Members.
April 13: A timeline of Trump’s complicated relationship with the TPP
April 13: China wary after Trump’s U-turn could see US rejoining TPP
US President signals America may sign up to Trans-Pacific Partnership as trade tensions between Washington and Beijing rise
April 15: Senators Excited About Prospects for TPP Revisit
Farm state senators came out of a meeting with President Trump Thursday very optimistic about the future for agricultural trade.
April 16: Trump says U.S. could rejoin TPP if deal improved. How hard would it be?
The [CPTTP] trade deal becomes effective when ratified by six of the signatories. It will reduce tariffs in countries that together amount to more than 13 percent of the global economy - a total of $10 trillion in gross domestic product. With the United States, it would have represented 40 percent.
“It’s very, very unlikely that you’re just going to have negotiation on the existing [CPTTP] text and have the U.S. say ‘oh, we want those suspended articles re-instated and we’ll just sign,” said Charles Finny, a Wellington-based trade consultant and a former New Zealand government trade negotiator.
“It’s probably going to be quite a long negotiation and it’s probably going to be called something else and it’s probably going to look quite different from TPP.”
April 18: President Donald Trump has renewed his attack on a huge Pacific trade pact just days after raising the possibility of the United States rejoining it.
Trump wrote on Twitter late Tuesday that he thought the Trans-Pacific Partnership (TPP) didn't represent a good deal for the world's biggest economy.
October 2: Trump's big fight with Canada over dairy gets the US only $70 million more than TPP trade deal
Bank of America Merrill Lynch told its clients some of the concessions in the new deal were "mainly symbolic," including the one Canada made for U.S. dairy farmers.
"The deal includes a small reduction in protectionism for Canada's dairy farmers," Bank of America Merrill Lynch global economist Ethan Harris said in a note to clients Tuesday. "Under the new USMCA, American dairy producers will have access to 3.59% of Canada's dairy market — slightly higher than the 3.25% they would have gotten had the US signed the Trans Pacific Partnership [TPP]."
October 30: The America-Free Trans-Pacific Partnership Is a Done Deal
Australia becomes the sixth country to ratify the 11-nation pact, triggering tariff cuts as soon as December
October 31: Pacific Rim trade pact dumped by Trump nears take-off
Deal reduces tariffs in economies that together amount to more than 13 percent of global GDP - a total of $10 trillion.
October 31: Withdrawal from the Universal Postal Union: A Guide for the Perplexed
On October 17, 2018, President Trump announced that the United States will withdraw from the Universal Postal Union (UPU), an intergovernmental organization that sets the rules and rates for international mail delivery. The decision to withdraw has been widely seen as another salvo in the Trump administration’s campaign against what it deems as unfair trade practices benefitting China. This post explains what the UPU is, why the Trump administration is withdrawing from it, the legality of withdrawal, how this decision is related to the trade war with China, and what could happen next.
November 2: TPP-11 now turns focus to recruiting new members
-- 2019 --
-- 2020 --
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