View Full Version : Trudeau pulls the plug on the TPP

11-10-2017, 03:17 PM
Just when all the leaders and trade ministers were gathered round the table……..

"Canadian Prime Minister Justin Trudeau has infuriated leaders of 10 other Asia-Pacific countries by pulling a sudden "no show" for the signing of a lucrative trade deal.Key points:

Shinzo Abe announces signing is off because Justin Trudeau will not attend
Steve Ciobo call it a "disappointing development"
Some ministers say Mr Trudeau got "cold feet" because of looming elections in Quebec

Mr Trudeau becomes the second leader, behind Donald Trump, to desert the Trans-Pacific Partnership (http://www.abc.net.au/news/2017-01-24/donald-trump-tpp-federal-government/8207250) — but unlike the United States President his motives and future intentions have not been publicly explained."


11-10-2017, 03:31 PM
Not so fast there, Skuthorp. From the Canadian Broadcasting Corp (CBC):

TPP partners reach agreement on 'core elements' of Pacific trade deal, Canada says

Australian, New Zealand news outlets suggest Canada was to blame for delayed trade talks

By John Paul Tasker, CBC News Posted: Nov 10, 2017 12:14 PM ET| Last Updated: Nov 10, 2017 3:07 PM ET

The 11 Trans-Pacific Partnership countries have reached an agreement on "core elements" of the trade pact, namely that all countries will adhere to strict labour and environment standards, a development Canada is championing as a major breakthrough after talks broke down earlier Friday.

A final agreement in principle is still in the works because the countries have not settled on all aspects of the deal.

The original TPP, which is currently under renegotiation after U.S. President Donald Trump pulled America out of the deal, included strong provisions that demanded all member countries eliminate child and forced labour, adopt and maintain laws and practices governing "acceptable conditions of work," and uphold the right to collective bargaining.

But some countries, including Malaysia and Vietnam, sought to opt out of such provisions during the talks, something Canada felt was untenable.

Those countries have now come back onside, International Trade Minister Philippe-François Champagne said, and have agreed to the terms of the original TPP.

"We got a better deal for Canada, we were also able to enhance the progressive elements — as the prime minister says you don't do trade in the 21st century like you did before," he said.

Earlier Friday, a planned meeting of TPP countries was unexpectedly cancelled after Prime Minister Justin Trudeau skipped the event when bilateral talks with his Japanese counterpart ended in disagreement.

Liberal government officials refuted international reports — notably from Australian and New Zealand news outlets — that suggested Canada alone was to blame for delayed TPP talks.

The full article here: http://www.cbc.ca/news/politics/tpp-apec-summit-talks-1.4396984

11-10-2017, 03:32 PM
Either way, good.