Russian President Vladimir Putin criticized on Tuesday the way the U.S.-backed Trans-Pacific Partnership trade deal is being arranged, saying the “clandestine talks” do not promote stability in Asia Pacific.
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He said the government should not be overly concerned about losing markets if it chose to shun the TPP, adding that investment and imports from the U.S. were stable.
“Our focus right now is getting it ratified and implemented by the 12”, he said.
“Imagine the schools and hospitals and roads and bridges that could be built with that money – investments that would make countries more competitive and more prosperous”, Obama said.
No trade agreement ever negotiated-TPP included-is ideal.
“It requires countries to have laws against corruption – including making it a crime to bribe a public official – and it requires countries to enforce those laws”.
To ensure fair and free economic activity, it is more desirable to have the TPP rules accepted as worldwide standards. “That is progress”, he said. One of them is its potential effect on access to medicines.
“The TPP is more than just a trade pact”.
“Now is the time when the countries can be asked to do the most”, Drake said.
The U.S. is not a claimant in the South China Sea, but in the aftermath of World War II has helped preserve security in the region.
Later Saturday Obama made a long-planned visit to a refugee centre that took on a domestic political hue, thanks to a bitter debate over Syrian and Iraq migrants in the United States.
“The TPP has always been the economic side of the president’s rebalance”, said Walter Lohman, director of the Heritage Foundation’s Asian Studies Center. We know from experience how important such agreements are to the economic well-being of our farmers and ranchers. “And I will tell you that if the rest of the world could see that fruit plate in their kitchens, and in their restaurants, and in their homes, I guarantee you that there’s a market opportunity there”.
“On behalf of the American people, I want to extend our deepest condolences to the people of Mali and the victims’ families, including at least one American”, he said.
Other members of the TPP include the United States, Australia, Japan, New Zealand, Canada, Mexico, Peru and Chile. While they may have competing ideas about the region, they could end up being complimentary. So countries will have a choice – reform and modernise, or risk getting left behind.
Besides Japan, Vilsack cited Vietnam and Malaysia as markets where TPP tariff reductions would help USA exporters of meat, nuts and other products.
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The 12 countries had reached an agreement on the TPP on Oct 5 in Atlanta, the USA, concluding the negotiations which began in 2010. However, before the trade pact can be implemented, it has to be passed by the U.S. congress and other national assemblies.
