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Thursday, July 28, 2016

Trans-Pacific Partnership Trade Deal Unacceptable

This analyst hasn't a clue about the effect of the Trans-Pacific Partnership trade deal that has been in progress for years. In part, that is because negotiations are complex and largely behind the scenes. I have even had dinner with one of the negotiators, and all that I can tell you is that she is tough and brilliant, as well as being aligned with Democratic politics. 

President Obama advocates the deal, of course, because it is part of his achievements. At this late date in his administration is it prudent to push it through or to allow the party nominee to kick the can down the road?

Would it be helpful for Clinton to address specific issues that are troublesome to Unions, or would that just open pandora's box for Trump?

"Unions want one thing from Hillary tonight: A stake in TPP’s heart 
By Alexander Bolton - 07/28/16 06:00 AM EDT 
PHILADELPHIA — Labor unions want Hillary Clinton to put a stake in the heart of the Trans-Pacific Partnership trade deal once and for all on Thursday when she accepts the Democratic nomination for president at the party's national convention."

Here is one big reason why Mrs. Clinton should not support TPP as it is today: it fails to support the goals for sustainable economics.

"This month’s long-awaited release of the Trans-Pacific Partnership (TPP) text was the result of years of negotiations on trade ties between nations around the Pacific Rim.
Some six weeks earlier, another set of deliberations came to an end as the United Nations unveiled its 17 Sustainable Development Goals (SDGs), which aim to eradicate poverty and reduce inequality by addressing critical issues such as food security, health care, access to education, clean and affordable water, clean energy, and climate action. 
Unfortunately, the two documents are incompatible. Several chapters of the TPP impinge upon the SDGs, potentially undermining the UN’s efforts to promote sustainable development and equality throughout the Pacific region. Moreover, many developing countries, least-developed countries, and small island states in the Pacific region are excluded from the preferential trade deal."

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