Australia needs agreements like the TPP to counter protectionism. AAP/Tracey NearmyEight years in total of protracted negotiations. Twelve countries. The largest multi-continental trade agreement since APECin 1989. The Trans-Pacific Partnership (TPP) is complete.
But the road to ratification will be rough. American unions, together with environmental and public health lobbies, are amongst those opposed, which guarantees TPP will have a tough time getting through US Congress.
Some 22 years ago, US President Bill Clinton faced a similarly-implacable union movement and a hostile legislature when he sought to pass President George Bush Snr’s legacy, the North American Free Trade Agreement (NAFTA), through Congress. …read more
Source: The Conversation