Posted on 10/05/2015 5:37:16 AM PDT by GIdget2004
The United States and 11 other Pacific Rim nations on Monday agreed to the largest regional trade accord in history, a potentially precedent-setting model for global commerce and worker standards that would tie together 40 percent of the worlds economy, from Canada and Chile to Japan and Australia.
The Trans-Pacific Partnership still faces months of debate in Congress and will inject a new flash point into both parties presidential contests.
But the accord a product of nearly eight years of negotiations, including five days of round-the-clock sessions here is a potentially legacy-making achievement for President Obama, and the capstone for his foreign policy pivot toward closer relations with fast-growing eastern Asia, after years of American preoccupation with the Middle East and North Africa.
Mr. Obama spent recent days contacting world leaders to seal the deal. Administration officials have repeatedly pressed their contention that the partnership would build a bulwark against Chinas economic influence, and allow the United States and its allies not Beijing to set the standards for Pacific commerce.
The Pacific accord would phase out thousands of import tariffs as well as other barriers to international trade. It also would establish uniform rules on corporations intellectual property, open the Internet even in communist Vietnam and crack down on wildlife trafficking and environmental abuses.
(Excerpt) Read more at nytimes.com ...
Jeff Sessions voted for the secret Iran deal. If that tells you anything it should convince you that you don’t know sh*t from shinola.
Ted Cruz is a conservative champion. You on the other hand are nothing more than a yapping carnival barker behind a keyboard.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.