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Global Trade Rules Should Be Written by US, Not China – Obama

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Global Trade Rules Should Be Written by US, Not China – Obama / Sputnik International

US President Barack Obama, in a special message to Congress, which addresses the issue of granting the White House authority to sign a trade agreement on the Trans-Pacific Partnership, said that the laws of the global economy should be written by the United States, not countries like China.

US Trade Representative Claims Trans-Pacific Partnership Will Increase US Exports by $123Bln

Key congressional leaders agreed on Thursday on legislation to give President Barack Obama special authority to finish negotiating the Trans-Pacific Partnership agreement — the largest trade deal since the North American Free Trade Agreement of 1994.

The "fast-track" legislation comes as Obama seeks a sweeping trade agreement with eleven Pacific nations. It would renew presidential authority to present trade agreements that Congress can endorse or reject, but not amend.

The Trans-Pacific Partnership proposes a trade agreement involving the United States, Japan, Vietnam, Canada, Mexico and seven other Pacific-rim nations.

The White House expects to use the special authority to remove trade barriers between the participating nations, which account for a hefty 40 percent of the global economy and more than one-third of the global trade.

"When 95% of our potential customers live abroad, we must be sure that we are writing the rules for the global economy, not a country like China," Obama said.

“Our exports support more than eleven million jobs, and we know that exporting companies pay higher wages than others. Today we have the opportunity to open even more new markets to goods and services backed by three proud words: Made in America,” he added.

According to the President, the bill would allow the US to create new rules for trade that will "avoid the mistakes of the past, to take advantage of new opportunities and to adhere to our values."

Obama made it clear that he would only sign a document that would "help ordinary Americans to go forward."

The implementation of the Trans-Pacific Partnership is a high point of the Obama Administration’s foreign agenda. The agreement provides for an almost complete abolition of customs duties between the member countries. It was initially joined by Chile, New Zealand, Brunei and Singapore and later by the United States and other Pacific countries of the Americas, Australia, Japan and several other nations.



Read more: Global Trade Rules Should Be Written by US, Not China – Obama / Sputnik International
 
He is right. USA is far better option for Asian countries for development. China's true motives are not economic development. They have mindset of expansionism.
 
US regime is yearning for the TPP.
I guess they will really shove it down to the throat of the member states.
They must be feeling this is their last real shot.
Why not as they can sell their products to lesser nations. I'm all for the US on this one. I'm sick of vietnamese in pdf and in real life.
 
You can write it but we don't need to read or follow it.

This is about TPP so we don't give a shit.

LMAO No one gives a sh!t about whatever Uncle Sam has to say. Should be taken with a pinch of salt. Everyone is going to do as it serves their interest and needs. The Yanks are panicked. Yes, we live in a multi polar world now.
 
LMAO No one gives a sh!t about whatever Uncle Sam has to say. Should be taken with a pinch of salt. Everyone is going to do as it serves their interest and needs. The Yanks are panicked. Yes, we live in a multi polar world now.
The US' allies do care and other nations who is part of the TPP.
 
He is right. USA is far better option for Asian countries for development. China's true motives are not economic development. They have mindset of expansionism.

LMAO Are you telling me that the Americans don't have a mindset of expansionism? What are you smoking? China too is looking out for her interests like any other major power of this world would do. Stop getting high.
 
I got a feeling that Japan won‘t be jumping on the TPP wagon so easily,for them there’s little to gain but quite a lot to lose,but who knows.
 
Global trade rules are actually compiled by the International Chamber of Commerce (ICC) based in Paris.

But then, this is about the TPP.
 
LMAO As I thought Pakistanis coming forward to defend China. Don't worry I am not considering Pakistan in my argument. You are already their slaves. It's impossible for you guys to go against China.you already sold gwadar to China. I have no doubt eventually you will sell whole Pakistan to them.

Slaves? Interesting argument.

Ironically, your language are a bastardized Hinglish while Pakistanis has yet to speak fluent Chinese as their second-ish language.

Who is the slave?

And how is Chabar going?
 
LMAO As I thought Pakistanis coming forward to defend China. Don't worry I am not considering Pakistan in my argument. You are already their slaves. It's impossible for you guys to go against China.you already sold gwadar to China. I have no doubt eventually you will sell whole Pakistan to them.

Sure, when India adheres to every US demand and polishes American boots it's considered friendship. When Pakistan is helped by its ally China it's considered slavery.

LMAO seems your Indian curry a$$ is lit on fire ever since Gwadar is going to be managed by China. Keep that a$$ burning... I want the flames to reach the sky.

Slaves? Interesting argument.

Ironically, your language are a bastardized Hinglish while Pakistanis has yet to speak fluent Chinese as their second-ish language.

Who is the slave?

And how is Chabar going?

Nothing less than nailed it bro.
 
It seems AIIB leaded by China really threats TPP created by U.S. :D Uncle SAM dislike our Bank !:coffee:
 
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