The US was interested in securing profits for big corporates and ran into concerns about losses of domestic jobs due to freer trade. In New Zealand the TPP was supported by either those who mistakenly dreamed it would provide substantial gains in free trade or those who still believe that earnings for the rich benefit everyone. ISDS provisions were a major assault on our sovereignty that would have locked us into a neoliberal economy just as that ideology is in its death throes. It will be a relief if we finally abandon the TPP.
+1 Euan. The TTP wasn't so much about free trade rather than the assertion of global corporate rights, fuck that.
I think the TPP has mainly failed simply because the political tide has turned against increasing globalization. And that's probably because of rising inequality in Western countries and teh failure of government to spread the benefits of globalization.
It's interesting what happens if we remove the USA from the picture. The US was a late entrant after all, as was Japan.
Yes, it looks both a lot more achievable and a lot more acceptable to the remaining players. But it'll require renegotiation, probably from scratch so even if there is a will to do it, it'll take years.
So pleased @Euan, that I'm not the only one who sees the TPPA as a corporate take-over that could only be supported by democratic gov'ts still labouring under the painfully naive (and usually self-serving) misapprehension that "trickle down" is a thing.
… “trickle down” is a thing.
So, the elephant in the room
is what ya get ‘down’ off,
not a duck?
China, India and Japan are the major players in the so-called opposition investment treaty called RCEP (Regional Comprehensive Economic Partnership) which the proponents including MFAT ambitiously say they want finalised by the end of 2016 – pigs fly too. (Japan is in TPP)
It has similar problems as the TPP in respect to built in protection for investors through the use of ISDS (investor state dispute settlement) and extended IP and copyright protections.
The point being that for the US domestic market and possibly the Chinese, the TPP vs RCEP competing treaties message is propaganda, as the arrangements in the deals are mirrors, also the same MO, negotiated with anal secrecy and all without any reference to the people in the respective nations. They being told, “nothing to see here” – “move along quietly” – “its good medicine"… must be medicine from Big Pharma.
So who is driving these arrangements? Remember the MAI (Multilateral Agreement on Investment)?
TPP, RCEP, TTIP, CETA, (and TiSA in relation to services liberalisation) are the MAI+plus – all are promoted at the behest of the transnational corporations (governments doing their bidding advancing these arrangements) – which highlights the lie about bull-shit state competitiveness.
Once we competed as states, now the elites in each state are collaborators in a rigged game of attack against all the people.
I imagine that post the US election, the US Establishment will activate their sock puppet (“Clinton Cash” video – 3 million views – ) to finalise and ratify the TPP.
Unless the game is not rigged or double – double crossed and the wild card Trumps the Empress with no clothes.