Obama on the TPP agreement cannot allow countries like China to write rules

Obama

On October 5, the trans-Pacific Partnership (TPP) 12 negotiating countries in the United States reached a basic agreement on the Council of Ministers, held in Atlanta, Georgia, agreed to free trade, and a wide range of areas such as investment and intellectual property harmonization of norms. 40% of the world's great economies of scale come into being.

According to Bloomberg, United States President Barack Obama commented on the day, of the TPP agreement, would help United States middle-class family in the future. In a statement issued in the day, Obama noted that "when potential customers located in over 95% of our rules, we cannot allow countries like China to write rules for the global economy. "

China's WTO (World Trade Organization), one of the biggest beneficiaries. But in recent years, bilateral and multilateral trade agreements, China also has free trade agreements with more than more than 10 economies. China last year to promote "along the way" strategy and the investment banks, it is attracted, including Britain, France, Germany Italy United States ally to join.

The United States promoting the warm heat of TPP.

TPP was originally from New Zealand, and Singapore, and Chile and Brunei four countries initiated a multilateral free trade agreement, currently under the United States-led, Japan, and Canada, and Australia, and Mexico, and Viet Nam, and Peru, and Malaysia and other 12 members. TPP negotiations by the two major categories of content: one is the 12 States participating in the negotiations on intellectual property protection rules with decided to field; the second is as a commodity import tariff reductions and other areas of bilateral consultations.

Due to the TPP sets high standards of trade, tariffs, intellectual property protection, the State-owned enterprises market treatment, such as binding, are more than ordinary investment and trade agreements. Some analysts say TPP China set up some provisions difficult to cross, so far China has not yet applied for accession negotiations.

TPP as a political legacy of the Obama administration, as Obama's term will expire in 1.5 years.

As negotiations on agricultural market access, industry rules of origin, protection of intellectual property rights in the pharmaceutical industry, such as three key areas fail to reach a compromise, in order to ensure that the Council of Ministers of the TPP agreement, in the United States under the auspices of session is currently being extended from the previous target of 2 days to 5 days.

According to the Japan economic news, United States President Barack Obama stepped up to the States participating in the negotiations of the telephone campaign, respectively, in the near future with Mexico, and Peru, and Chile remaining leaders on further promoting the TPP negotiations held telephone consultations on the subject.

After this round of "overtime" on Sunday, Australia and the United States on intellectual property rights and reach a temporary agreement on pharmaceutical patent protection period.

However, TPP from the internal procedures for the agreement to go through the United States, there is still a long way to go.

United States, for example. United States one of the largest car manufacturer Ford has made clear, will be calling on Congress to reject the agreement.

Ford said the TPP does not adequately address the overseas currency manipulation issue.

In the United States Congress, even Obama's Democratic Party, opposed to TPP's alone. Widely expected, prior to the first half of next year, United States Congress will not vote on the TPP legislation. Hundreds of city rallied for 5 months Central