Australia Snubs Obama, Dumps TPP, Opts for China-Sponsored Trade Deals

Posted: November 16, 2016 in Uncategorized

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Australia is throwing its weight behind China’s efforts to pursue new trade deals in the Asia-Pacific region amid a growing acknowledgement the US-led Trans-Pacific Partnership agreement is dead in the wake of Donald Trump’s election victory.

MishTalk

President Obama made a foolish decision to not welcome China in the formation of the Trans-Pacific Partnership (TPP).

It was ludicrous for Obama to leave China out of things. China is the second biggest economy in the world, third if you treat the EU as a block.

Had China been in the deal all along, we may not have seen the ludicrous provision that allowed companies to sue governments. That provision was one of the key reasons the deal failed.

With the election of Trump, TPP is officially dead, and China, not the US will be at the center of a new Asian trade pact.

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Comments
  1. futuret says:

    AS A GEOGRAPHICAL AMERICAN AUSTRALIA CAN SNUB US, WE HAVE TWO EVIL OR MORE CORRUPTED SPECIMENS RUNNING FOR OFFICE. I CAN NOT POSSIBLY TELL YOU HOW INFURIATED I AM WITH ONE OF THEM THAT SHOULD MAKE A MOVE. WE HAVE HAD THE MOST INSULT TO US AMERICAN PEOPLE AS FOLLOWS, THIS IS MY STATEMENT AND I APPROVE OF THE MESSAGE:

    LET ME STATE, I AM NOT FOR HILLARY NOR FOR TRUMP. TRUMP IS A SON OF A BITCH FOR NOT WANTING TO MOVE INTO THE WHITE HOUSE, THE PEOPLE WHO VOTED ELECTED HIM TO MOVE THERE. THE WHITE HOUSE SEEMS LIKE A RUN DOWN SHACK COMPARED TO THE MANHATTAN PENTHOUSE THAT HE HAS, SO WHAT OF MELANIA SAYING HER SON IS IN THE MIDDLE OF SCHOOL. THAT SHOULD NOT MEAN A DAMNED THING, IF SHE OR HE DID NOT WANT TO MOVE, THAN THEN THE SON OF A BITCH SHOULD NOT RUN FOR OFFICE. ANOTHER THING, IVANKA PROMOTING HER JEWELRY ON 60 MINUTES, SHE IS ANOTHER BITCH, THE OFFICE OF THE PRESIDENCY IS NOT TO PROMOTE JEWELRY OR HER PERSONAL INTEREST, IT IS THERE FOR THE COUNTRY. HILLARY OR TRUMP SHOULD NOT BE RUNNING FOR PRESIDENT. WE KNOW ABOUT HILLARY, BUT NO, NO, NO, THE PRESIDENCY IS NOT TO PROMOTE YOUR DAMNED CLOTHING, JEWELRY, OR WHATEVER THE HELL LINE YOU HAVE. AS FAR AS MELANIA AND HER SON YOU SHOULD HAVE THOUGHT ABOUT THIS PRIOR TO THE ELECTION, GIVE UP YOUR GOLD PLATED THINGS AND MOVE INTO THE WHITE HOUSE, THAT IS WHERE WE ELECTED YOU TO BE. HOW MANY OF US HAVE HAD TO MAKE CHANGES GROWING UP DUE TO OUR PARENTS, THIS IS NO DIFFERENT. YOU BASTARDS OF TRUMP FAMILY, AN INSULT ANYTHING AMERICAN. TOO MANY INTERNATIONAL INTERESTS, THAN IS NOT GOING TO MEAN A DAMNED THING IN MY LIFE OR ANYONE ELSE’S, BUT FATTENING YOUR OWN POCKETS ONCE AGAIN. ILLUMINATI AND BILDERBERGERS STRIKE AGAIN.

  2. You have a way with words, futuret. I couldn’t have stated it better.

  3. The long-term plan for the TPP was for China to be included. Remember that the TPP was intended to be a “docking agreement” — one that any country could later join but on the basis of the agreement already in place with no amendments.

    What the Obama administration, and U.S. capital in general, wants is for China to be integrated more firmly into the world capitalist system on U.S. terms. That is, after the TPP was implemented, there would have an attempt to get China in, with the provision that allows corporations to sue governments a wedge to force open China’s markets on terms more advantageous to U.S. interests (something we can presume Japan would have liked as well), and as leverage to accelerate the privatization of Chinese state-owned enterprises.

    Incidentally, the TPP is badly wounded, but is not dead. There is a two-year period for it to be approved that has about a year ago so it is technically alive for now. The Republicans in the U.S. Congress still want it, but didn’t want to hand Obama any victory.

    • Thanks for commenting, Systemic. What has really impressed me is the really strong opposition to TPP in the other treaty countries, especially New Zealand, Australia, Vietnam, Japan and Malaysia. There’s an incredible amount of arm twisting that goes on – as with the WTO – to force weaker countries to accept US conditions that put them at considerable disadvantage.

      Here in New Zealand, TPP is the first issue since the 2003 Iraq war that has brought Kiwis out in the streets in massive numbers. And unlike the antiwar protests, this has been one of the few issues that has unified Maori and European communities.

      I think the risk for the pro-TPP Republicans is that the longer ratification is postponed, the more weaker partners will withdraw. Today Vietnam has announced they won’t ratify.

      I understand a new treaty is being negotiated with Europe to replace the moribund TTIP – one that maintains the Investor State Dispute Settlement clause. And the RCEP, the treaty which includes China and excludes the US, is also being negotiated in secret though parts of it have been leaked.

      • There is also the even more secret Trade In Services Agreement, being negotiated among 50 countries, that would eliminate any regulations covering the financial industry. Although I have read reports that these talks are undergoing difficulty, we need to keep our eyes on this one; it something of a backup to the TTP and TTIP.

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