August 01, 2015
Curtis Ellis of World Net Daily reports:
Division between the U.S. and Japan over cars and New Zealand's reluctance to set terms on dairy also played a role in the halting of finalization, reports ABC Australia.
The talks in Hawaii were expected to bring about the finalization of the economic regulatory deal which spans 12 nations.
This would have satisfied the Obama Administration who had pressed congress earlier in the summer to delegate their ability to amend treaties to the president for quick ratification.
As Curtis Ellis of WND concludes, the negations are likely now to stretch into the upcoming presidential election.
The Trans-Pacific Partnership (TPP) has been described as the largest economic regulatory deal to come under negotiation.
The deal involves the nations of,
...encompassing 40 percent of global GDP.
The TPP has come under harsh scrutiny due to the level of secrecy surrounding the deal. Members of the U.S. congress have been threaten with reprisal if they speak publicly about the treaty's contents.
What's also extremely concerning is the fact members of congress must enter a private room in the basement of the capital, where they must surrender their belongings while totally absent of legal assistance in order to review some of the text in the treaty.
Some have even argued that the TPP has very little to do with trade.
TPP: The Dirtiest Trade Deal You've Never Heard Of