The latest round of talks on the Trans-Pacific Partnership, or TPP, have wrapped up in Hawaii without a final deal. The trade pact, which is being negotiated in secret, involves 12 Pacific Rim nations and about 40 percent of the global economy. U.S. Trade Representative Michael Froman said progress had been made.
Michael Froman: “We, the trade ministers of Australia, Brunei Darussalam, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the United States and Vietnam, announce that after more than a week of productive meetings we’ve made significant progress, and we’ll continue to work on resolving a limited number of remaining issues paving the way for the conclusion of the Trans-Pacific Partnership negotiations.”
Congress recently granted Obama fast-track authority to push the TPP through Congress on a yes-or-no vote with no amendments. In a statement, Lori Wallach of Public Citizen said, “It’s good news for people and the planet that no deal was done at this final do-or-die meeting given the TPP’s threats to jobs, wages, safe food, affordable medicines and more.”