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Australia Moving on TPP

DanIndustry News Release, Trade

Despite the threat of the United States pulling out of the Trans-Pacific Partnership (TPP), Australia’s parliament is not leaving the deal for dead just yet. Australia’s Treaties Committee is recommending ratification of the trade deal following a thorough review of the agreement. The recommendation comes as the final report from the committee recognizes a “resurgence of nationalism and isolationism internationally,” according to Politico. The official report gives the government the green light to submit TPP to lawmakers for final approval. Despite U.S. President-elect Donald Trump’s pledge to leave the trade agreement on day one of his presidency, many of the other 11 nations included in the trade agreement are moving forward with approving the deal and hoping Trump will reconsider the agreement.

From the National Association of Farm Broadcasting news service.