Reuters — Canada is set to hold back on ratifying a key Asia-Pacific trade treaty, a move that would assuage critics but might hamper Washington’s bid to build domestic support for the deal, according to sources close to the talks. Canada is one of 12 nations that initialed the Trans-Pacific Partnership (TPP) in early October, […] Read more
Canada seen dawdling on TPP ratification
Historic TPP deal faces skeptics in U.S. Congress
Atlanta | Reuters –– Twelve Pacific Rim countries on Monday reached the most ambitious trade pact in a generation, aiming to liberalize commerce in 40 per cent of the world’s economy in a deal that faces skepticism from U.S. lawmakers. The Trans-Pacific Partnership (TPP) pact struck in Atlanta after marathon talks could reshape industries, change […] Read more
After five years of negotiations, TPP talks near deal
Atlanta | Reuters — A dozen Pacific nations closed in on a sweeping free trade pact on Sunday in Atlanta after a breakthrough over how long a monopoly pharmaceutical companies should be given on new biotech drugs. The issue has pitted the U.S., which has argued for longer protections, against Australia and five other delegations […] Read more
TPP trade ministers push to wrap up ambitious trade deal
Atlanta | Reuters — Pacific trade ministers readied on Wednesday to close the biggest trade deal in a generation but warned there was still work to be done on issues ranging from intellectual property to trade in dairy and automobiles. Australian Trade Minister Andrew Robb said ministers from the 12 countries negotiating the Trans-Pacific Partnership […] Read more
Dairy farmers milk politics of Pacific trade pact
Reuters — New Zealand dairy farmers have a message for their Canadian counterparts, who worry a Pacific trade deal will throw them on the mercy of world markets and devastate their industry: It’s not so bad. But heavily protected Canadian farmers have reason for skepticism. A deadlock over dairy has emerged as one of the […] Read more
TPP talks fail to end in deal
"The U.S. was on one side of the issue, while practically every other country were on the other side."
TPP — NZ wants dairy concessions from the U.S.
Lahaina, Hawaii, July 28 (Reuters) – The United States, Canada and Japan have to make concessions on dairy trade before a wider Pacific trade deal can be wrapped up, New Zealand’s agricultural trade envoy said on Tuesday. Mike Petersen, a farmer who represents the interests of New Zealand agriculture, said the dairy part of the […] Read more
U.S. Congress victory may move Pacific trade pact forward
Washington | Reuters –– U.S. lawmakers approved legislation key to securing a hallmark Pacific trade deal by a comfortable margin on Wednesday, advancing President Barack Obama’s efforts to strengthen U.S. economic ties with Asia. After a six-week congressional battle including two brushes with failure, some fancy legislative footwork and myriad backroom deals to keep the […] Read more
U.S. Senate pushes Obama’s Pacific Rim trade pact forward
Washington | Reuters — U.S. President Barack Obama’s call for “fast-track” trade negotiating authority to help him strike a Pacific Rim deal cleared a key hurdle in the U.S. Senate on Tuesday, paving the way for a final vote on the legislation Wednesday. On Wednesday, the Senate was likely to vote to grant Obama the […] Read more
U.S. House win revives Obama’s Trans-Pacific trade pact
Washington | Reuters — U.S. lawmakers narrowly approved legislation key to securing a hallmark Pacific trade deal on Thursday, partly reversing a defeat less than a week before, in a boost to President Barack Obama’s goal of strengthening U.S. economic ties with Asia. The House of Representatives voted 218 to 208 to give the White […] Read more
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