The United States will send a representative to a trade summit later this month on the Trans-Pacific Partnership trade agreement. The agreement is thought to be dead following President Donald Trump’s removal of the U.S. from the deal.
He said he would do it, and now President Trump has taken the United States out of the Trans-Pacific Partnership (TPP) trade deal, and the North American Free Trade Agreement (NAFTA) may be next. Trump’s move is getting negative reactions from agriculture groups.
The prospects of a TPP vote coming soon might be improving slightly as some politicians are bringing the issue to the forefront.
One U.S. Senate Agriculture Committee member is not optimistic the Trans-Pacific Partnership will pass Congress. Senate Democrat Heidi Heitkamp of North Dakota is a proponent of trade, but says in regards to TPP “I think it’s going to be a challenge.”
Republican Senator Pat Toomey this week announced his opposition to the Trans-Pacific Partnership trade agreement. The Senator from Pennsylvania says TPP has inadequate provisions for drug companies and dairy farmers. Pro Farmer reports President Barack Obama has been banking on gathering enough Republicans for most votes needed to pass the trade agreement.
Representatives from Australia, Singapore, and other countries in the Far East and Pacific Rim are in Vietnam this week, negotiating a trade agreement that could potentially take the place of the Trans-Pacific Partnership.
The White House let Congress know last Friday morning that it will be bringing the Trans-Pacific Partnership Agreement to lawmakers in a move that’s intended to bring new energy to the discussions.
U.S. House Speaker Paul Ryan said last week that he saw no point in bringing up the Trans-Pacific Partnership trade deal for a vote during the lame-duck session of Congress.
Many U.S. Governors Strongly Support TPP A discussion panel at the National Association of Governors Meeting in July concluded that agriculture will be a big loser if the Trans-Pacific Partnership isn’t passed by Congress.
With both Candidates for President openly against the Trans-Pacific Partnership (TPP), the trade deal could be facing an increasing uphill battle towards getting congressional approval. At the Democratic National Convention this week, chants broke out of “No TPP” while Bernie Sanders was speaking Monday, the same day his party approved its platform which is formally against the trade agreement.