Reading Time: < 1 minute Reuters — The U.S. administration hopes to release the full text of a Pacific trade deal within the next 30 days, U.S. Trade Representative Michael Froman said in an interview with CNN. The U.S. sealed the Trans-Pacific Partnership (TPP) with 11 trading partners this week, after more than five years of negotiations. “The lawyers are […] Read more
U.S. hopes to release TPP text in 30 days
Critics see TPP as edge of wedge for U.S. milk
Reading Time: 2 minutes A U.S. dairy sector economist is the latest observer to suggest Canada’s concessions in the Trans-Pacific Partnership may eventually lead to more imports of U.S. milk than Ottawa bargained for. Ag economist Andrew Novakovic of New York’s Cornell University said in a release that the TPP, for U.S. producers, marks a major opportunity in Canada’s […] Read more
Clinton says she doesn’t support new TPP deal
Reading Time: 3 minutes Reuters — U.S. Democratic presidential candidate Hillary Clinton said Wednesday she does not support the 12-nation Trans-Pacific Partnership (TPP), rejecting a central tenet of President Barack Obama’s strategic pivot to Asia. Clinton said during a campaign swing in Iowa that she is worried about currency manipulation not being part of the agreement and that “pharmaceutical […] Read more
Historic TPP deal faces skeptics in U.S. Congress
Reading Time: 3 minutes Atlanta | Reuters –– Twelve Pacific Rim countries on Monday reached the most ambitious trade pact in a generation, aiming to liberalize commerce in 40 per cent of the world’s economy in a deal that faces skepticism from U.S. lawmakers. The Trans-Pacific Partnership (TPP) pact struck in Atlanta after marathon talks could reshape industries, change […] Read more
Dawson: Ag exporters applaud historic TPP deal
Reading Time: 3 minutes Export-oriented Canadian farmers are giving the Trans-Pacific Partnership (TPP) agreement reached in Atlanta on Monday two thumbs up. The deal, which remains to be debated in Canada’s House of Commons and could take more than a year to be ratified by all 12 member countries, will see tariffs on Canadian products in those markets eliminated […] Read more
VanRaes: TPP deal seen shrinking supply-managed markets
Reading Time: 4 minutes CORRECTION, Oct. 7: Canada’s supply managed sectors can expect to lose $4.3 billion to foreign interests in the 15 years following the implementation of the Trans-Pacific Partnership. After years of negotiations, Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the U.S. and Vietnam reached an agreement Monday morning, which includes granting access […] Read more
Election shifts attention to trade deal as race narrows
Reading Time: 2 minutes Ottawa | Reuters –– Trailing in second place with two weeks left before Canada’s election, Conservative Prime Minister Stephen Harper announced a new trade deal Monday that largely protects the key agricultural voting bloc, putting pressure on opponents who had hoped to have more to attack. Harper touted the Trans-Pacific Partnership as a good deal […] Read more
Canada says TPP offers limited access to dairy market
Reading Time: 2 minutes Ottawa | Reuters — Canada said on Monday that a major trade deal agreed by 12 Pacific nations would only allow limited access to protected Canadian domestic dairy and poultry markets, a politically sensitive issue ahead of the Oct. 19 election. Officials said the Trans-Pacific Partnership (TPP) would offer up just 3.25 per cent of […] Read more
After five years of negotiations, TPP talks near deal
Reading Time: 3 minutes Atlanta | Reuters — A dozen Pacific nations closed in on a sweeping free trade pact on Sunday in Atlanta after a breakthrough over how long a monopoly pharmaceutical companies should be given on new biotech drugs. The issue has pitted the U.S., which has argued for longer protections, against Australia and five other delegations […] Read more
TPP deal near resolution, Japan says
Reading Time: < 1 minute Atlanta | Reuters — Japan’s Economy Minister Akira Amari said on Friday negotiators were close to reaching a sweeping Pacific Rim trade deal, citing progress on the remaining issues involving autos, dairy products and intellectual property protections for expensive biologic drugs. Amari, who spoke to reporters before a meeting of the 12 trade ministers represented in […] Read more
A message from April Stewart, Country Guide's Associate Editor
