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    TPP is the 'worst trade deal ever,' Nobel-winning economist Joseph Stiglitz says

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    Carol
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    TPP is the 'worst trade deal ever,' Nobel-winning economist Joseph Stiglitz says

    Post  Carol on Sat Apr 02, 2016 1:28 pm

    TPP is the 'worst trade deal ever,' Nobel-winning economist Joseph Stiglitz says

    Nobel Prize-winning economist Joseph Stiglitz says the Trans-Pacific Partnership, or TPP, could be the worst trade agreement ever negotiated in history. In an interview with CBC News, he recommended that the government of Canada insist on reworking it.

    Nobel Prize-winning economist Joseph Stiglitz says the Trans-Pacific Partnership, or TPP, could be the worst trade agreement ever negotiated in history. In an interview with CBC News, he recommended that the government of Canada insist on reworking it.

    "I think what Canada should do is use its influence to begin a renegotiation of TPP to make it an agreement that advances the interests of Canadian citizens and not just the large corporations," he said in an interview with CBC's 'The Exchange' on Thursday.

    Under the TPP, it's easier for big multinational corporations to sue governments. "It used to be the basic principle was polluter pay," Stiglitz told CBC.

    "If you damaged the environment, then you have to pay. Now if you pass a regulation that restricts ability to pollute or does something about climate change, you could be sued and could pay billions of dollars."

    Stiglitz, a professor at Columbia University in New York, was a keynote speaker at a conference at the University of Ottawa on Friday about the complex trade deal.

    International Trade Minister Chrystia Freeland put Canada's signature on the Trans-Pacific Partnership trade deal, but it has yet to be ratified here. The House of Commons trade committee is studying the TPP — a process that Freeland said could take up to nine months.

    Stiglitz described Freeland as "old friend" in an interview with The Canadian Press and said he has explained some of the pitfalls of the TPP to her, among them its potential to reduce workers' rights.

    Stiglitz takes issue with the TPP's investment-protection provisions, which he says could interfere with the ability of governments to regulate business or to move toward a low-carbon economy.

    Video: "TPP 'worst trade deal ever,' says Nobel-winning economist Joseph Stiglitz"
    http://boingboing.net/2016/04/01/tpp-is-the-worst-trade-deal.htmll


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    Re: TPP is the 'worst trade deal ever,' Nobel-winning economist Joseph Stiglitz says

    Post  mudra on Mon Nov 14, 2016 2:08 pm

    Obama Administration Gives Up on Pacific Trade Deal
    Congressional GOP leaders indicated they wouldn’t consider Trans-Pacific Partnership in lame-duck session


    A sweeping Pacific trade pact meant to bind the U.S.and Asia effectively died Friday, as Republican and Democratic leaders in Congress told the White House they won’t advance it in the election’s aftermath, and Obama administration officials acknowledged it has no way forward now.

    The failure to pass the 12-nation Trans-Pacific Partnership—by far the biggest trade agreement in more than a decade—is a bitter defeat for President Barack Obama, whose belated but fervent support for freer trade divided his party and complicated the campaign of Democratic nominee Hillary Clinton.

    The White House had lobbied hard for months in the hope of moving forward on the pact if Mrs. Clinton had won.

    The deal’s collapse, which comes amid a rising wave of antitrade sentiment in the U.S., also dents American prestige in the region at a time when China is flexing its economic and military muscles.

    http://www.wsj.com/articles/obama-administration-gives-up-on-pacific-trade-deal-1478895824

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    Re: TPP is the 'worst trade deal ever,' Nobel-winning economist Joseph Stiglitz says

    Post  Mercuriel on Mon Nov 14, 2016 7:54 pm

    Yeppers. Next on Our List is...



    cheers



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