(WikiLeaks/Assange called it ‘Obama decloaks’.)
Reuters via the Guardian:
“Trans-Pacific Partnership – the biggest trade deal in a generation – would affect 40% of world economy, but still requires ratification from US Congress and other world lawmakers.
Negotiating teams had been deadlocked over the question of the minimum period of protection of the rights to data used to make biologic drugs, made by companies including Pfizer Inc, Roche Group’s Genentech and Japan’s Takeda Pharmaceutical Co.
The United States had sought 12 years of protection to encourage pharmaceutical companies to invest in expensive biological treatments like Genentech’s cancer treatment Avastin. Australia, New Zealand and public health groups had sought a period of five years to bring down drug costs and the burden on state-subsidized medical programs.
Negotiators agreed on a compromise on minimum terms that was short of what US negotiators had sought, people involved in the closed-door talks said. The agreement would protect the data for between five and eight years, the New York Times reported.”
“Separately, the United States, Mexico, Canada and Japan also agreed rules governing the auto trade that dictate how much of a vehicle must be made within the TPP region in order to qualify for duty-free status.
The North American Free Trade Agreement between Canada, the United States and Mexico mandates that vehicles have a local content of 62.5%. The way that rule is implemented means that just over half of a vehicle needs to be manufactured locally. It has been credited with driving a boom in auto-related investment in Mexico.”
‘… a legacy-defining achievement for Barack Obama’, indeed.
This is an excellent explanation of the Global War by Other Means: ‘WikiLeaks – The US strategy to create a new global legal and economic system: TPP, TTIP, TISA.
Didn’t Boehner cry with the Pope and resign his seat because: conscience?
David Dayen at Salon: ‘The unexpected upshot of John Boehner’s ouster: The Trans-Pacific Partnership is in danger; Critics on both sides of the aisle were already unhappy with the TPP — and now conservatives are feeling bold’
“Trade promotion authority, which allows the president to negotiate trade agreements and bring them to Congress for an expedited vote, barely passed the House earlier this year. Fifty-four Republicans voted against it, among them practically all the ringleaders of the campaign against Boehner – like Mark Meadows, R-N.C., who took the leadership role in ousting him; David Brat, the man who upset Eric Cantor and took his House seat; Jim Jordan, chairman of the anti-Boehner House Freedom Caucus; and 23 members of that caucus in all.
Obviously, those who spurred the Boehner revolt are emboldened by their apparent victory. In the short term this will not bear fruit. Boehner has vowed to use his final month to prevent a government shutdown and defuse other potential crises. He could reauthorize the Export-Import Bank, pass highway spending, and even raise the debt ceiling. “I want to clean the barn up a little bit before the next person gets here,” Boehner said on “Face the Nation” on Sunday.”
But the peculiarities of trade promotion authority make it impossible for Boehner to be in the speaker’s office when TPP comes up for a vote. Under the law, even if trade officials announce an agreement today, they must provide notification to Congress, wait 30 days, and then post the deal’s text on a public website for an additional 60 days before signing. Then there’s another 30 to 60 days where the administration must submit the final legal text and describe what changes to U.S. law must be put into implementing legislation. Only after that does the congressional process start.
What this all means is that an agreement announced at the end of the ministerial meetings could not reach Congress until Feb. 1, 2016, at the very earliest. Trade expert Lori Wallach of Public Citizen puts the earliest possible date at Feb. 15. And these are based on very accelerated timelines that assume no slip-ups or delays when the legal text gets scrubbed.
“What this all means is that an agreement announced at the end of the ministerial meetings could not reach Congress until Feb. 1, 2016, at the very earliest. Trade expert Lori Wallach of Public Citizen puts the earliest possible date at Feb. 15. And these are based on very accelerated timelines that assume no slip-ups or delays when the legal text gets scrubbed.”
‘Summary of the Trans-Pacific Partnership Agreement’ from the US Trade Rep’s website.
Given that a US military presence in potential signatory nations was implied in leaked chapters…