The TPP is still secret and according to the terms in this year's fast-track legislation it will remain secret for 30 days after the president formally notifies Congress that he will sign it. That could be a while still, as the agreement's details need to be "ironed out." After that 30-day wait the full text has to be public for 60 days before Congress can vote. Expect a massive and massively funded corporate PR push. The biggest corporations very much want TPP.
Mackenzie McDonald Wilkins of Popular Resistance
Flush the TPP
Negotiators may have reached agreement, but that does not mean the process is complete. TPP is not a done deal until it is signed by heads of each country and and their respective legislatures agree to it. In the United States, both the House and Senate will have to vote on the TPP after a 60-day period of review during which the public is supposed to have access to the text of the agreement.
Economist Jared Bernstein recently sat down with Capital & Main to offer his perspective on a wide range of political and income-inequality topics. Formerly a top advisor to Vice President Joe Biden and, currently, a senior fellow at the Center on Budget and Policy Priorities, Bernstein spoke to us again, following the U.S. Senate vote to fast-track the Trans-Pacific Partnership. The interview has been edited for brevity and clarity.
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The vote on "Trade Adjustment Act" portion of legislation to allow President Obama to "fast track" the Trans-Pacific Partnership (TPP), failed because Republicans were opposed to giving workers who lose their jobs due to the TPP any additional aid. "Liberal Democrats" voted to kill the TAA bill in order to stop the passage of the TPP, in a Republican controlled House of Representatives.
The public health repercussions of this deal could be massive. The negotiating countries represent at least 700 million people, and U.S. negotiators refer to the TPP as a “blueprint” for future trade deals. The TPP attempts to rewrite existing global trade rules and would dismantle legal flexibilities and protections afforded for public health.
Sen. Elizabeth Warren’s office released a report Monday accusing presidential administrations, including Obama’s, of not enforcing labor protections in trade deals.
The Trans Pacific Partnership (TPP) - what's at stake? Why the secrecy, why the rush, why cut-off debate and input? The reason is - Money, big money, says the New York Times. Major American business interests, from Nike to Boeing and Hollywood to Silicon Valley, want the deal badly. Labor and environmental groups see it as a threat to American workers at the expense of profits.
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