rsz_kyodowc190056.jpg

America’s Exit May Have Improved the Trans-Pacific Partnership, but Not for America

The following excerpt is from an article that originally appeared on Hit and Run Reason

Donald Trump may have pulled the U.S. out of the Trans-Pacific Partnership, but the trade deal didn’t die: Last Saturday in Da Nang, Vietnam, the 11 remaining countries announced that they had agreed on the core elements of the pact.

Known officially as the “Comprehensive and Progressive Agreement for Trans-Pacific Partnership” and colloquially as TPP 11, the deal removes many tariffs and other barriers to exchange across borders. That said, it would be better described as managed trade than free trade. Free trade in the ideal sense wouldn’t require a 5,500-page agreement, let alone some of the provisions that worked their way into that document.

Interestingly, America’s exit has meant the suspension of some of the more egregious of those provisions. It was the U.S. that pushed the document’s original rules for intellectual property, which have been criticized for maximizing copyright terms and eroding privacy rights. Similarly, the U.S.-proposed

Click here to Read this Entire Story on Hit and Run Reason


This post was originally published on this site
Comments are closed.