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Trade Deal

NAFTA Needs To Be Replaced, Not Renegotiated

By John E. Peck and Jim Goodman for Family Farm Defenders - The North American Free Trade Agreement must be replaced with a transparent trade agreement that ensures: farmers in all three nations receive fair prices for their production, consumers are guaranteed the right to know the content and origin of their food and strong environmental protections are put in place to protect the sustainability of rural communities. While the current structure of NAFTA has increased trade between Canada, Mexico and the United States, farm profit margins did not increase. Multi-national grain traders made huge profits dumping subsidized US corn on Mexico, crushing much of Mexico’s farm economy to the point that Mexican Catholic Bishops said that NAFTA was leading to the “cultural death” of their nation. Trade agreements should promote fair trade that that supports farmers of all countries involved, not just the financial interests of multi-national agribusiness corporations. To give just one recent example of how rural communities suffer from reckless trade policies, on April 1stGrassland Dairy Products, the nation’s largest butter maker, informed 75 Wisconsin dairy farmers that their milk would no longer be needed by May since Canadian buyers had cancelled contracts to import one million pounds of milk per day.

Canadians Say: Reject TPP, Transform Trade

By Meghan Sali for Open Media - Report crowdsourced from nearly 28,000 people finds that Canadians want to withdraw from the TPP, and ensure real transparency and engagement for future trade deals. March 14, 2017 – “Next time, consult us!” - that’s the clear message coming from Canadians on the Trans-Pacific Partnership (TPP). A new report published today finds that Canadians want to withdraw from the TPP, and for the government to ensure much greater transparency and public engagement for future trade deals. The report is published as trade ministers gather in Chile to discuss the future of trans-Pacific trade, following the withdrawal of the U.S. from the TPP.

Friends Of Earth Calls For Resistance To Trump & Abe Trade Talks

By Erich Pica for The Huffington Post - Japanese Prime Minister Shinzō Abe met with Donald Trump for a two-day summit in Washington, D.C. on February 10 and at Mar-a-lago, Trump’s golf resort in Florida, on February 11. They met to iron out the trade and economic relationship between the world’s first and third largest economies. The backdrop was the Trump plan for a bilateral U.S.-Japan trade agreement that would cement the two countries’ economic relationship now that the U.S. has withdrawn from negotiations for a multilateral Trans-Pacific Partnership (TPP) trade deal with Japan and eleven other countries. The two right-wing and nationalistic heads of state announced after the conclusion of Friday’s formal talks that they had agreed to establish a formal “bilateral dialogue framework” on trade and related economic and security issues. The “dialogue” negotiations will be co-chaired by U.S. Vice-President Mike Pence and Japanese Deputy Prime Minister and Finance Minister Taro Aso.

Trump’s Bad Deal On Trade

By Josh Hoxie for Other Words - Candidate Donald Trump promised to renegotiate free trade agreements that hurt American workers. In his first week in office, he made good on that promise by withdrawing from the Trans-Pacific Partnership (TPP), a trade pact negotiated by the Obama administration. Yet in the same week, he unleashed a torrent of policies just as bad, if not worse, for workers than the trade deal itself. Trump was right about one thing: The TPP was a bad deal. But while he convinced his supporters that trade deals are rigged against them, he never did say who does the rigging: big business.

TISA Documents Leaked, Negotiators Still Have Problems

By Staff of Bilaterals - A swathe of new documents from the last round of Trade in Services Agreement (TiSA) negotiations in November 2016 involving 23 parties (representing 50 countries) was posted on http://www.bilaterals.org/?+-tisa-+ today. The documents include the core text and annexes on telecommunications, e-commerce, localisation provisions, restraints on domestic regulation, temporary movement of services labour, state-owned enterprises, maritime, road and air transportation, and delivery services. Many of these documents have shading that shows what is – and is not – agreed. At an initial reading the documents confirm five things...

Death Of TPP Was Overdue, Don’t Credit Trump

By Nick Dearden for Global Justice Now - Trump isn’t serious about helping American workers, you only have to look at some of his other proposals – and his business history – to know that. But more worrying still, pitting the interests of American workers against everyone and everything thing else – workers elsewhere, climate change, public services – takes us in a very dangerous direction. In the 1930s, many governments responded to the Great Depression by trying to shift their economic problems onto other counties. State’s pushed up tariffs and quotas, competitively devalued currencies, underwrote big business monopolies. These policies aren’t always and everywhere wrong, but in the 30s they were used to promote exports...

Trump Signs Executive Order Withdrawing US From TPP

By Staff of RT - With a stroke of a pen, President Donald Trump has unraveled the Trans-Pacific Partnership, withdrawing the US from the controversial free-trade pact. Without Washington’s participation, the TPP would have to be renegotiated or scrapped altogether. The largest global trade agreement in 20 years, the TPP would have included the United States, Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam. It was championed by former President Barack Obama as a way to open Asian markets for American goods and create a trade bloc to counter China.

EU To Vote On Legality Of Investor State Dispute Settlement In Trade

By Ante Wessels for FFII - Members of the European Parliament want the EU’s Court of Justice to check whether a parallel legal system in the trade agreement with Canada (CETA) is compatible with the EU treaties. The parallel legal system, known as ISDS / ICS, is only accessible to foreign investors. Eighty-nine members tabled a resolution. The Parliament will vote next week, Wednesday 23 November 2016. According to associations of judges (one, two), academics (letter from over 100 law professors) and NGOs (ClientEarth, two pager), the ISDS / ICS parallel legal system is not compatible with the EU treaties.

Angel Merkel Says TTIP Will Not Be Completed

By Samuel Osborne for Independent - 'We have made progress, quite a lot of progress, but they will not be concluded now' Angela Merkel has said the TTIP trade deal will not be completed now Donald Trump has been elected president of the United States. Speaking at a joint press conference with US President Barack Obama, the German Chancellor said the United States represents an important trading partner for both Germany and the European Union.

Demise Of TPP Celebrated By Global Social Movements

By Staff of Tele Sur - Civil society movements across Asia, Latin America, Oceania, and North America announced Tuesday that their seven-year strategic campaign had successfully derailed the Trans-Pacific Partnership, or TPP, a controversial trade deal widely condemned for privileging corporate profits over international public interest.

Australia Dumps TPP, Opts For China-Sponsored Trade Deal

By Mike “Mish” Shedlock for Mish Talks - President Obama made a foolish decision to not welcome China in the formation of the Trans-Pacific Partnership (TPP). It was ludicrous for Obama to leave China out of things. China is the second biggest economy in the world, third if you treat the EU as a block. Had China been in the deal all along, we may not have seen the ludicrous provision that allowed companies to sue governments. That provision was one of the key reasons the deal failed.

Trump’s Fake Critique Of Trade Deals Leaves Out Workers

By Jonathan Rosenblum for Yes! Magazine - It must have been sweet music to the ears of workers in Monessen, Pennsylvania, in the heart of America’s rust belt. “Globalization has made the financial elite who donate to politicians very wealthy,” the political candidate declared during a speech at a struggling aluminum plant. “But it has left millions of our workers with nothing but poverty and heartache.”

Message To Rep. Ryan: 80% Of Wisconsin Dairy Farmers Oppose TPP

By Danielle Endvick for Wisconsin Farmers Union - CHIPPEWA FALLS - Responses to a recent survey sent out by Wisconsin Farmers Union (WFU) indicate dairy farmers throughout the state are against passing the Trans-Pacific Partnership (TPP) in its current form. The survey, which was sent to all dairy producers in Wisconsin, is the first of its kind to ask dairy farmers directly about their views on the TPP.

TPP And Free Trade: Time To Retake The English Language

By Dean Baker for Truthout - The proponents of the Trans-Pacific Partnership (TPP) are planning to do a full court press in the lame duck session of Congress following the election. We will be bombarded with speeches and columns from President Obama and other illustrious figures telling us how it is important to approve the TPP for a variety of reasons. We can be certain that one of the reasons will be the inherent virtues of free trade. They will not be telling the truth.

People’s Revolt Stops Another Corporate Trade Deal CETA

By Lauren McCauley for Common Dreams - With a Monday deadline, the European Union failed to reach consensus on the pending Canada-EU trade agreement, prompting campaigners to celebrate what they declared to be its final demise. After negotiations fell apart late last week, Belgium Prime Minister Charles Michel said Monday that he will not be able to join the other 27 EU nations and sign the Comprehensive Economic & Trade Agreement (CETA) because of entrenched opposition in the region of Wallonia to its pro-corporate provisions.

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