Archive for May 12th, 2012

Yes Lab/Occupy types punk US trade negotiator Kirk

- May 12th, 2012

The TPP is the new black in the world of international trade negotiations. Forget about GATT, the Doha Round or whatever else you’ve got going on. The Trans Pacific Partnership or TPP is the new New Thing.

One of the key things that distinguishes the TPP from other trade agreements is that companies from TPP member countries have to be treated like local companies. So, for the U.S., that means “Buy American” provisions which might prohibit Vietnamese companies from bidding on a government contract would be waived for that Vietnamese company. Canada would like to be part of the TPP but the big sticking point there is that Canada protects some agricultural sectors — namely dairy and poultry — from foreign competition. If Canadian firms are to get unfettered access to the markets in TPP countries, then TPP countries are going to want unfettered access to Canadian markets. Already, New Zealand wants Canada kicked out of the TPP talks because the Harper government says its sticking to protectionism in agricultural sectors. Read more…

Meanwhile in the South China Sea: China moves its warships

- May 12th, 2012

Hong Kong’s largest circulation English daily newspaper reports:

China has sent five warships to the disputed Scarborough Shoal off the west coast of the Philippines with the warning that Beijing is ready for “any escalation” of the conflict. Read more…