Alex Ward · Saturday, November 11, 2017, 4:25 pm
It looks like America will miss out on an important trade deal.
On January 23, only three days into his administration, President Donald Trump withdrew from the negotiations process over the Trans-Pacific Partnership (TPP), the gargantuan free-trade agreement that he’d railed against on the campaign trail as a job killer. Many analysts figured that US withdrawal spelled doom for the entire agreement.
But on Saturday, the 11 remaining Pacific Rim countries agreed on a way forward — without America. The remaining bloc, whose trade totaled about $350 billion last year, now have a blueprint to start trading more freely between themselves in a resurrected form of the deal.
There are still many details for the member countries — which include Mexico, Japan, Australia, and Canada — to work out. But the pact, called the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, looks a little different from when the US was part of the negotiations through the end of Barack Obama’s presidency.
About 20 provisions that were once part of the TPP talks have been "suspended," according to a joint statement by the agreement’s member countries. And there are still four sticking points — including a commitment on coal that affects Brunei — to solve, but experts say a final deal could be announced as early as next year. Each country would still have to sign and ratify the deal to be a member of the agreement.
Read more
https://www.vox.com/2017/11/11/16637826/trump-trans-pacific-partnership
This blog will focus on political images I have found all around the Internet, though I will intersperse some commentary and quotes that I find interesting.
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