It appears the entire ‘ObamaTrade’ farce is collapsing under the weight of its secrecy and corporatocracy in the immediate aftermath of Trump’s triumph. First this morning, Bloomberg reported that EU Trade Commissioner Cecilia Malmstrom said EU-U.S. negotiations on a free-trade agreement are on hold, and now WSJ reports that the Obama administration on Friday gave up all hope of enacting its sweeping Pacific trade agreement, denting American prestige in the regions at a time when China is flexing its economic and military muscle.
Just days after Donald Trump won the election, all of Washington’s major trade deals are dead or dying. Continue reading »
“A rose (or in this arse a poison) by any othe name is still a rose. Anyone who thinks the people’s will is respected by the PTB and their Global Corporate leeches, whose only aim is profit at the expense of the worker, is a blinkered idiot. If Brexit, the TTIP, or TPTA are really doomed as the people think, I believe in fairies.”
Over the weekend, thousands of protesters across multiple countries condemned impending trade deals promoted by governments and their corporate partners.
Though the protests received little coverage from mainstream media, they stretched from Paris to Warsaw.
The demonstrations came amid the Commission on International Trade of the European Parliament’s plans to finalize the Comprehensive Economic and Trade Agreement (CETA) this week. The policy has been likened to so-called “free trade” deals pushed by President Barack Obama and other Western governments.
Presently, three supposed ‘trade’ deals are being proposed by U.S. President Barack Obama, to be signed by major trading nations (except Russia, China, and the other BRICS nations): TPP with Asia, TTIP with Europe, and also (but only for financial and other services) TISA with Europe. The promised benefits in all three cases are said to be economic.
Three independent economic studies have been done, two of Obama’s TTIP treaty with Europe, and one of his TPP treaty with Asia, and all three independent economic analyses find that the publics in each participating country will suffer, and that the owners of international corporations (especially in the U.S.) will benefit, if the proposed ‘trade’ deal goes into effect.Continue reading »