Thursday, January 29, 2015

A day after the USA announced the TPP would be made public before the President signs it, New Zealand is having a hissy fit.

I think all those waiting to read the TPP needs to file an injunction if it moves in the opposite direction. So in New Zealand democracy is a good thing unless it's the USA's democracy.

January 28, 2015
New Zealand Cabinet ministers (click here) really, really want to notch up the Trans Pacific Partnership (TPP) they could change tack.
Talk openly about what's at stake and make a stand against the move from some quarters in the United States to insist that rules on currency manipulation ("Hey - pot, kettle, black") are included in a deal whose parameters were set months ago by agreement between the 12 negotiating parties from around the Asia Pacific region.
Not just sit back while some US congressional players indulge in a shoddy late run which is likely to scupper TPP - even if Barack Obama wins trade promotion authority to finalise talks from the American side.
The Prime Minister and Trade Minister are well-placed for some open advocacy. John Key and Tim Groser were both at the World Economic Forum in Davos last week....

It ain't just the TPP. Let's just import everything and watch the world economy melt away. The USA has a good economy. But, it is a good economy because the Middle Class is able to afford more than subsistence income. If the Pacific countries and EU believes they can simply take over the economy of the USA for their own, the entire world's economy will self-destruct. Both the Pacific countries and the EU better make sure the people of the USA are treated well and the country upholds their Middle Class, otherwise, the treaties won't be worth anything.

That is simply a fact. It isn't politics or leanings to a political philosophy. If the USA Middle Class is under assault by having their salaries disrupted by imports, there is no sense in sending anything to the USA.

...Trade Representative Mike Froman - who was plugging both the TPP and the TTIP (Transatlantic Trade and Investment Partnership) - talked with Key (among the other leaders on his trade dance card)....

The EU (click here) is negotiating a trade and investment deal with the US - the Transatlantic Trade and Investment Partnership - or TTIP.
  • opening up the US to EU firms
  • helping cut red tape that firms face when exporting
  • setting new rules to make it easier and fairer to export, import and invest overseas.