Chances To Ratify TPP Sink As Senate Majority Leader Says No
By Staff for RT America. Washington, DC - The Trans-Pacific Partnership (TPP) may not be dead in the water, but it’s struggling to stay afloat now that Senate Majority Leader Mitch McConnell (R-Kentucky) has said he’s not willing to serve as its lifeguard.
McConnell said he will not bring the TPP up for a vote in the Senate this year.
"The current agreement, the Trans-Pacific [Partnership], which has some serious flaws, will not be acted upon this year,"McConnell said at the Kentucky State Farm Bureau breakfast on Thursday, The Hill reported.
The Obama administration’s signature trade deal to establish regulations between a dozen countries in the Pacific Basin has been largely negotiated in secret. Its opponents say these regulations would undermine jobs in the US and work to the benefit of corporations rather than the 12 nations’ workers.