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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsTPP Ministerial Negotiations Fail, with No Date Set for the Next Round
By Lambert Strether of Corrente.
Sadly, or not, the TPP sausage made in Maui proved unpalatable to many trade ministers; not merely the casing, but the filling. Heres the Joint Statement by TPP Ministers emitted by the United States Trade Representative. Ill quote most of it so you can savor it:
We, the trade ministers of Australia, Brunei Darussalam, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, United States, and Vietnam announce that, after more than a week of productive meetings, we have made significant progress and will continue work on resolving a limited number of remaining issues, paving the way for the conclusion of the Trans-Pacific Partnership negotiations.
Ministers and negotiators leave Hawaii committed to build on the momentum of this meeting by staying in close contact as negotiators continue their intensive engagement to find common ground. Negotiators will also continue to work to formalize the achievements that have been made this week.
In this last stage of negotiations, we are more confident than ever that TPP is within reach and will support jobs and economic growth.
The flaccidity of the language more than a week of, as opposed to X days, productive meetings, as if there were ever any other kind, paving the way, intensive engagement, within reach is remarkable even by American standards, and matched only by the superb irony of committed to build on the momentum of this meeting. What momentum?
Crucially, note that the text isnt even agreed at staff level! (continue to work to formalize). And as Inside Trade tartly notes, the ministers ended a four-day meeting without even an agreement in principle.
How did the TPP fail in Maui? And why? And what next? ...................(more)
http://www.nakedcapitalism.com/2015/08/winning-in-maui-tpp-ministerial-negotiations-fail-with-no-date-set-for-the-next-round.html
Art_from_Ark
(27,247 posts)the end of August will be the "last chance" for TPP..
http://jp.reuters.com/article/2015/08/01/tpp-analysis-idJPKCN0Q631L20150801
HereSince1628
(36,063 posts)Does anyone really think big international corporations are going to rest before they wrest power to control the nations in which they do trade?
Art_from_Ark
(27,247 posts)And, of course, they're raising the Chinese specter to try to push this crap through:
もし、TPPが漂流すれば、アジアインフラ投資銀行(AIIB)で勢力拡大を狙う中国に対し、日米は有力なけん制カードを失うだけでなく、日本は成長戦略の見直しを迫られる。日米にとってこの1カ月間は正念場だ。
If the TPP goes adrift, not only will Japan and the US lose their ace in the hole to counter China, which is aiming to expand the influence of the Aisian Infrastructure Investment Bank (AAIB), but Japan will also be forced to reconsider its growth strategy. The next month will be "do or die" for the US and Japan.
KoKo
(84,711 posts)The whole article at the link is a good read about this from Financial People who know their stuff.
The delays that occurred with our House and Senate having to vote Twice on Delayed vote...and credit to Rand Paul for his Filibuster and the E-Mails, Phone Calls and Protests by the Anti-TPP Activists cause the TPP to be delayed much beyond what Obama and his Trade Advisers were Expecting.
We delayed it enough that it could GO DOWN...and that the the Trade Talks don't yet have a continuation date is Significant!
The article is good read...but, long.
The DELAYS were what Mucked Up the TPP! And Activists need to get the Credit for This!
Art_from_Ark
(27,247 posts)It reinforced some of the things I had previously known from the Japanese side, like that Abe was not pushing very hard for the TPP. Not surprising, since much of Abe's party's support comes from rural/farming areas, which would be among the first to feel the TPP shaft. Also, a former Japanese minister of agriculture and a current member of the Japanese parliament I met at a TPP event in Tokyo last May were very optimistic that TPP negotiations would get bogged down (although the agricultural minister had predicted that the US House would reject fast tract).
KoKo
(84,711 posts)from "Clive" who is "Naked Capitalism's" websites "Man in Japan" who said that Abe got what he wanted when he came to DC where Obama was supposedly going to announce the Successful Passage of the TSA when Abe got the agreement for Militarization of Japan (along with probably other goodies) and he's fine if the TPP doesn't pass.
What you say also seems to be part of the reluctance of Abe and other countries realizing that their Sovereignty of Nations is threatened by this dreadful TPP Agreement down the road.
KoKo
(84,711 posts)Read it yesterday at the site...and, thanks for posting it here.