Making America Irrelevant...

transporter

Well-Known Member
The final version of a landmark deal aimed at cutting trade barriers in some of Asia-Pacific’s fastest-growing economies was released on Wednesday, signaling the pact was a step closer to reality even without its star member the United States.

More than 20 provisions have been suspended or changed in the final text ahead of the deal’s official signing in March, including rules around intellectual property originally included at the behest of Washington.
More than 20 provisions have been suspended or changed in the final text ahead of the deal’s official signing in March, including rules around intellectual property originally included at the behest of Washington.

The success of the deal has been touted by officials in Japan and other member countries as an antidote to counter growing U.S. protectionism, and with the hope that Washington would eventually sign back up.

...even if Washington expressed a willingness to join CPTPP, there was no guarantee that the members would lift all the suspensions.

https://www.reuters.com/article/us-...ased-rules-pushed-by-u-s-on-ice-idUSKCN1G50AP

While Trump spends his time toilet tweeting, the rest of the world moves on without us. Way to go Great Negotiator!!! MAGA!!! MAGA!!! MAGA!!!
 

glhs837

Power with Control
an antidote to counter growing U.S. protectionism

Ah, gotta love the ol' doublespeak. Should read "growing US intolerance of Asian nations one sided trade positions". This is like the prison gang saying the guy who want to stop being bent over the bathroom sink is being a selfish prude.
 

Rommey

Well-Known Member
The primary difference between the original 12 party Trans-Pacific Partnership (TPP) and the new 11 party version is a set of “suspended” provisions. This is a list of 20 items that officials from the member countries have agreed to remove temporarily from the free trade agreement texts.

These suspended provisions (found in Annex 2 of the CPTPP) are meant to be reinstated at some future date. In other words, these elements of the TPP may come back into the agreement as originally negotiated. Between now and then, member governments are not required to implement these rules at the domestic level.

[snip]

The withdrawal of the United States from the agreement, of course, does impact the overall size of the economic pie. However, given the generally open nature of the US economy, most TPP11 firms already have access to the United States. American tariffs are quite low for everything but textiles, footwear and some agricultural products. TPP companies can enter the services markets in the US and have the ability to invest right now. The TPP11 rulebook matches existing US laws. For TPP11 firms, therefore, the absence of the US is not as damaging as it first appears.
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Bird Dog said:
You just don’t get it.......without the USA, there isn’t a TPP.....
Let's see, the 11 TPP member economies together amount to more than 13 percent of global GDP - a total of $10 trillion. With the United States, it would have represented 40 percent.
 
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