{"id":13048,"date":"2015-10-05T18:58:03","date_gmt":"2015-10-05T23:58:03","guid":{"rendered":"http:\/\/olduvai.ca\/?p=13048"},"modified":"2015-10-05T18:58:03","modified_gmt":"2015-10-05T23:58:03","slug":"trans-pacific-partnership-deal-struck-as-corporate-secrecy-wins-again","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=13048","title":{"rendered":"Trans-Pacific Partnership Deal Struck As “Corporate Secrecy” Wins Again"},"content":{"rendered":"

Trans-Pacific Partnership Deal Struck As “Corporate Secrecy” Wins Again<\/a><\/h3>\n

Once again the corporatocracy wins as the so-called “Trojan horse”\u00a0Trans-Pacific Partnership (TPP) trade agreement has been finalized<\/strong>.\u00a0As WSJ reports<\/a>, the U.S., Japan and 10 countries around the Pacific reached a historic accord Monday to lower trade barriers to goods and services and set\u00a0commercial rules of the road for two-fifths of the global economy<\/strong>, officials said.<\/p>\n

For the U.S., the TPP\u00a0(reportedly)<\/em>\u00a0opens agricultural markets in Japan and Canada, tightens intellectual property rules to benefit drug and technology companies, and establishes a tightknit economic bloc to\u00a0challenge China\u2019s influence in the region<\/strong>\u00a0(likely forcing their hand into separate trade agreements).<\/p>\n

However,\u00a0Obama is likely to face a tough fight to get the deal through Congress<\/strong>\u00a0(especially in light of presidential candidates’ opposition)<\/em>.<\/p>\n

\"\"<\/a><\/p>\n

The US, Japan and 10 other Pacific Rim economies have reached agreement to strike the largest trade pact seen anywhere in two decades<\/strong>, in what is a huge strategic and political win for US President Barack Obama and Japan\u2019s Shinzo Abe.<\/p>\n

As The Wall Street Journal reports,<\/em><\/a><\/p>\n

\n
The deal, if approved by Congress, will mark an\u00a0effective expansion of the North American Free Trade Agreement launched two decades ago to include Japan, Australia, Chile, Peru and several southeast Asian nations.<\/strong><\/div>\n

The trade deal has\u00a0been in the works since 2008<\/strong>\u00a0but has been stymied by politically sensitive disputes, including\u00a0a fight between the U.S. and Japan<\/a>\u00a0over the automobile industry.<\/p>\n

Beyond that, however, it represents the economic backbone of the Obama administration\u2019s strategic \u201cpivot\u201d to Asia and a response to the rise of the US\u2019s chief rival, China, and its growing regional and global influence.<\/strong>\u00a0It is also a key component of the \u201cthird arrow\u201d of economic reforms that Mr Abe has been pursuing in Japan since taking office in 2012.<\/p><\/blockquote>\n

Biotechs, among others, are the big winners…<\/p>\n

…click on the above link to read the rest of the article…<\/p>\n","protected":false},"excerpt":{"rendered":"

Trans-Pacific Partnership Deal Struck As “Corporate Secrecy” Wins Again Once again the corporatocracy wins as the so-called “Trojan horse”\u00a0Trans-Pacific Partnership (TPP) trade agreement has been finalized.\u00a0As WSJ reports, the U.S., Japan and 10 countries around the Pacific reached a historic accord Monday to lower trade barriers to goods and services and set\u00a0commercial rules of the […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2,5,6],"tags":[41,3306,130,1471,3867,7844,359,366,452,4002,2847,9620,804,2738,861,4318],"class_list":["post-13048","post","type-post","status-publish","format-standard","hentry","category-economics","category-geopolitics","category-liberty","tag-australia","tag-barack-obama","tag-china","tag-corporatism","tag-corporatocracy","tag-donald-trump","tag-germany","tag-global-economy","tag-japan","tag-new-zealand","tag-obama-administration","tag-the-economist","tag-tpp","tag-transpacific-partnership","tag-wall-street-journal","tag-zerohedge"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/13048","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=13048"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/13048\/revisions"}],"predecessor-version":[{"id":13049,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/13048\/revisions\/13049"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13048"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13048"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13048"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}