AlphaHoneyBadger Posted October 5, 2015 Share Posted October 5, 2015 BY THE CANADIAN PRESS, OCTOBER 5, 2015 ATLANTA - Twelve nations, including Canada, have reached a tentative deal on the so-called Trans-Pacific Partnership a massive Pacific Rim trading bloc billed by Prime Minister Stephen Harper as the largest-ever deal of its kind. After five days of marathon, around-the-clock negotiations, a deal has been reached to create the Trans-Pacific Partnership, which would cover 40 per cent of the world's economy. "Each one of us comes to the table with a clear goal of promoting and defending the interests of our own countries, of our own economies," International Trade Minister Ed Fast told the closing news conference. "That often means there are very tough discussions that take place, (but) at the end of the day, here we are as 12 TPP partners, having achieved something that some time ago, people didn't think was achievable." The proposed agreement reduces or eliminates barriers in a wide range of sectors and could lead to more Canadian exports of pork, beef, canola, high-tech machinery and a variety of other products. It also entrenches new international trade standards in Asia, setting a template should any other countries in that fast-growing region like China want to join someday. Other parts will be controversial in Canada. Cars will be allowed without tariffs, as long as they have 45-per-cent content from the TPP region lower than the 62.5 per cent regional-content provision under NAFTA. Canada's protected dairy sector remains mostly intact, with a modest increase in permitted imports for supply-managed sectors. Farmers will be compensated for losses through a multibillion-dollar series of programs. Fast hailed the negotiators from all 12 countries for their "unflagging commitment" to getting a deal he said will "set the rules for the 21st century for trade within the Asia-Pacific region." The deal needs to be ratified in national parliaments and the NDP's recent opposition to the TPP process is an early example of the political challenges in could face, in several countries. But voters can't yet see the fine print. The actual text of the deal is undergoing a legal review, and it's not clear when it will be available. Link to comment Share on other sites More sharing options...
AlphaHoneyBadger Posted October 5, 2015 Author Share Posted October 5, 2015 I guess NDP will have new ammunition. Link to comment Share on other sites More sharing options...
Green Building Posted October 5, 2015 Share Posted October 5, 2015 I don't see myself ever buying liquid dairy from overseas. Avalon milk tastes great, and travels a much shorter distance to land in my fridge. Link to comment Share on other sites More sharing options...
AlphaHoneyBadger Posted October 5, 2015 Author Share Posted October 5, 2015 I don't see myself ever buying liquid dairy from overseas. Avalon milk tastes great, and travels a much shorter distance to land in my fridge. It will be interesting to see how Japan is involved. Link to comment Share on other sites More sharing options...
Warhippy Posted October 5, 2015 Share Posted October 5, 2015 That's awesome. Small and medium auto parts suppliers in Canada will feel the hit, while the largest will not feel anything at all as they now have protection under the TPP due to them having plants in other source countries. The largest and most powerful are protected, the smallest are run down We will now subsidize the losses of the dairy industry with tax dollars, thereby socializing the profits of multi national corporations. Even better Softwood and mineral/oil resources are now open to being sold at below world prices under the TPP similar to the prices negotiated with the US under NAFTA, what a cool thing. In essence, we are now selling more for less, using tax dollars to subsidize the losses, protecting the largest corporations while ignoring the home based and mid sized businesses in canada and this is supposed to be a good thing. Wow... Just wow. Link to comment Share on other sites More sharing options...
Canuck Surfer Posted October 5, 2015 Share Posted October 5, 2015 Who are the other countries? Link to comment Share on other sites More sharing options...
Warhippy Posted October 5, 2015 Share Posted October 5, 2015 Who are the other countries? Mexico, Australia, US, Canada, Japan, New Zealand, South Korea, Brunei, Chile, Peru, Singapore, Vietnam. This is a terrible terrible deal for Canada and Canadians when you start hearing what has been given up. One of the most egregious is the relaxation of unions and workers rights in canada when trade is considered with another of the 12 member deal IE, Canadians can argue for more workers rights here, but said business or corporation can now simply shutter business here or in effect bring in workers from one of the other host countries at a reduced wage free from OSHA and Canadian standards over sight. This is a very very bad deal for Canadians. Link to comment Share on other sites More sharing options...
Heretic Posted October 5, 2015 Share Posted October 5, 2015 I don't see myself ever buying liquid dairy from overseas. Avalon milk tastes great, and travels a much shorter distance to land in my fridge. Ours doesn't travel very far neither - about 100 meters. Plus I know exactly what our goats eat. Link to comment Share on other sites More sharing options...
TOMapleLaughs Posted October 5, 2015 Share Posted October 5, 2015 TPP is all about increasing GDP by a fraction of a percent. But some sectors will be negatively affected. Link to comment Share on other sites More sharing options...
AlphaHoneyBadger Posted October 5, 2015 Author Share Posted October 5, 2015 That's awesome. Small and medium auto parts suppliers in Canada will feel the hit, while the largest will not feel anything at all as they now have protection under the TPP due to them having plants in other source countries. The largest and most powerful are protected, the smallest are run down We will now subsidize the losses of the dairy industry with tax dollars, thereby socializing the profits of multi national corporations. Even better Softwood and mineral/oil resources are now open to being sold at below world prices under the TPP similar to the prices negotiated with the US under NAFTA, what a cool thing. In essence, we are now selling more for less, using tax dollars to subsidize the losses, protecting the largest corporations while ignoring the home based and mid sized businesses in canada and this is supposed to be a good thing. Wow... Just wow. I haven't really found anyone cheering this on. Maybe the port workers. Link to comment Share on other sites More sharing options...
Robongo Posted October 5, 2015 Share Posted October 5, 2015 Finally, as we detailed previously, the most troubling aspect of the TPP, asserts Ellen Brown, is the Investor-State Dispute Settlement (ISDS) provision, which “first appeared in a bilateral trade agreement in 1959.” Brown continues: http://www.zerohedge.com/news/2015-10-05/trans-pacific-partnership-deal-struck-corporate-secrecy-wins-again According to The Economist, ISDS gives foreign firms a special right to apply to a secretive tribunal of highly paid corporate lawyers for compensation whenever the government passes a law … that [negatively impacts] corporate profits — such things as discouraging smoking, protecting the environment or preventing nuclear catastrophe. What an abomination. This agreement is all about control and maximizing corporate profit Link to comment Share on other sites More sharing options...
Warhippy Posted October 5, 2015 Share Posted October 5, 2015 I haven't really found anyone cheering this on. Maybe the port workers. Nobody really is. UNIFOR and a lot of the smaller auto companies that aren't totally owned by the bigger auto companies such as Magna have already come out against this. The loss to dairy has already been panned as a joke, giving up $4.3 BILLION over 15 years of tax payers money to ensure private companies in canada stay solvent and to ensure that corporations outside of canada have less competition to push their goods IN Canada is just terrible. The relaxed laws on workers and TFWs from the other 11 nations is ridiculous. The loss of provincial/federal rights on minerals lumber and such is even worse. Remember the softwood dispute over stumpage fees and raw log production that the US lost only to see Harper give them BILLIONS? Well under this agreement it gets far far worse for everything from lumber to potash The calls to completely scrap NAFTA are coming now and they should be coming harder. This does little to nothing to help Canadians There are claims it will create tens of thousands of jobs, but some economists are predicting within 10 years essential middle class earner positions will basically disappear entirely because this allows so much more outsourcing Link to comment Share on other sites More sharing options...
aGENT Posted October 5, 2015 Share Posted October 5, 2015 Ugggggh...was really hoping this wouldn't happen before the election Link to comment Share on other sites More sharing options...
Warhippy Posted October 5, 2015 Share Posted October 5, 2015 Ugggggh...was really hoping this wouldn't happen before the election It HAD to happen before the election or else he wouldn't be able to look good in front of his peons. And by peons I mean people who, you ask a general question to about something like the ISDS provision which only actually appears once in even NAFTA and is not regular in trade agreements; and they insult you They eat this stuff up. It's really sad. The only serious benefit is that with proper education and another 2 or 3 decades, the stupid and the elderly who are firm conservative supporters will die from natural causes and darwinism Link to comment Share on other sites More sharing options...
CanadianLoonie Posted October 5, 2015 Share Posted October 5, 2015 Just saying... Link to comment Share on other sites More sharing options...
AlphaHoneyBadger Posted October 5, 2015 Author Share Posted October 5, 2015 Nobody really is. UNIFOR and a lot of the smaller auto companies that aren't totally owned by the bigger auto companies such as Magna have already come out against this. The loss to dairy has already been panned as a joke, giving up $4.3 BILLION over 15 years of tax payers money to ensure private companies in canada stay solvent and to ensure that corporations outside of canada have less competition to push their goods IN Canada is just terrible. The relaxed laws on workers and TFWs from the other 11 nations is ridiculous. The loss of provincial/federal rights on minerals lumber and such is even worse. Remember the softwood dispute over stumpage fees and raw log production that the US lost only to see Harper give them BILLIONS? Well under this agreement it gets far far worse for everything from lumber to potash The calls to completely scrap NAFTA are coming now and they should be coming harder. This does little to nothing to help Canadians There are claims it will create tens of thousands of jobs, but some economists are predicting within 10 years essential middle class earner positions will basically disappear entirely because this allows so much more outsourcing Doesn't it still have to go to the floor for approval? Link to comment Share on other sites More sharing options...
Lancaster Posted October 5, 2015 Share Posted October 5, 2015 We live in a global economy.... no deal is ever perfect, but if Canada decided to back out of TPP, the other nations would probably care less. Lots of trade agreements have been made between Canada's competitors with and Canada's target export markets. NZ and Australia making deals with South Korea and Japan...... whereas Canada took its sweet-a** time. The end results being Canada missing out on billions of dollars of deals. I support the TPP. Sure, some things do sound scary like more import of dairy products.... but NZ is the "Saudi Arabia" of dairy.... and their standards are as high as here. Link to comment Share on other sites More sharing options...
Green Building Posted October 6, 2015 Share Posted October 6, 2015 Ours doesn't travel very far neither - about 100 meters. Plus I know exactly what our goats eat. I love goats milk in the spring. In the summer it can get a little too barn-ish for me to drink on a regular basis. Very healthy though. Makes a great cheese as well. Link to comment Share on other sites More sharing options...
ronthecivil Posted October 6, 2015 Share Posted October 6, 2015 Nobody really is. UNIFOR and a lot of the smaller auto companies that aren't totally owned by the bigger auto companies such as Magna have already come out against this. The loss to dairy has already been panned as a joke, giving up $4.3 BILLION over 15 years of tax payers money to ensure private companies in canada stay solvent and to ensure that corporations outside of canada have less competition to push their goods IN Canada is just terrible. The relaxed laws on workers and TFWs from the other 11 nations is ridiculous. The loss of provincial/federal rights on minerals lumber and such is even worse. Remember the softwood dispute over stumpage fees and raw log production that the US lost only to see Harper give them BILLIONS? Well under this agreement it gets far far worse for everything from lumber to potash The calls to completely scrap NAFTA are coming now and they should be coming harder. This does little to nothing to help Canadians There are claims it will create tens of thousands of jobs, but some economists are predicting within 10 years essential middle class earner positions will basically disappear entirely because this allows so much more outsourcing Sure, let's start setting up a bunch of trade barriers. They will certainly help fix any perceived bubbles in the stock (or housing, or anything you can name) market. If Canada doesn't play ball we will be left behind. If you think that makes us powerless, I hate to tell you, but we already are...... Link to comment Share on other sites More sharing options...
ronthecivil Posted October 6, 2015 Share Posted October 6, 2015 We live in a global economy.... no deal is ever perfect, but if Canada decided to back out of TPP, the other nations would probably care less. Lots of trade agreements have been made between Canada's competitors with and Canada's target export markets. NZ and Australia making deals with South Korea and Japan...... whereas Canada took its sweet-a** time. The end results being Canada missing out on billions of dollars of deals. I support the TPP. Sure, some things do sound scary like more import of dairy products.... but NZ is the "Saudi Arabia" of dairy.... and their standards are as high as here. Exactly. If Canada wants to put up a wall the only thing we will be keeping out is money..... Link to comment Share on other sites More sharing options...
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