A
DARK DAY
Deal
Reached on Controversial Trans-Pacific Partnership
The
secretive trade pact is expected to cover about 40 percent of the
global economy.
5
October, 2015, 15.38 Moscow time
Pacific
Rim trade ministers reached a deal on a sweeping trade pact that
will cut trade barriers and set common standards for 12
countries (the USA, Australia, Brunei Darussalam, Canada, Chile,
Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, and Vietnam),
an official familiar with the talks told Reuters on Monday.
I love how the announcement of the #TPP deal conclusion was timed to 11pm in Australia and 5am in San Francisco
— Asher Wolf (@Asher_Wolf) 5 октября 2015
According
to The Politico, the agreement followed nine days
of negotiation, almost stalling due to discrepancies
in member-country approaches to the length of copyright
protections for new medicine.
The deal is expected to be voted on in the US Congress early next year.
The
TPP has been negotiated in unusual secrecy between the
United States and 11 Asian and Pacific Rim nations. The controversial
trade pact is expected to cover about 40 percent of the
global economy. Uncertain implications for workers' rights,
employment and the environment have drawn heavy criticism from labor
unions and watchdogs.
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