In Tokyo on January 24, 11 Pacific Rim countries including Australia reached an agreement to sign a revived Trans-Pacific Partnership (rebranded the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, CPTPP).
The huge free trade deal almost fell into oblivion last year when US President Donald Trump pulled his country out, citing concerns for the loss of US jobs.
Social movements across Asia, Latin America, Oceania, and North America celebrated on November 15 the fact that their seven-year strategic campaign had successfully derailed the Trans-Pacific Partnership (TPP), a controversial trade deal widely condemned for privileging corporate profits over international public interest.
The news that the White House and Republican congressional leaders have given up on passing the Trans-Pacific Partnership (TPP) is welcome.
That the TPP would be defeated by Congress if brought to a vote signals that the Trojan-horse “trade” agreements that expand corporate power are simply no longer politically viable. People power beat the united forces of a US president, the Republican congressional leaders and the entire corporate lobby.
Anti-TPP protesters in Auckland.
Amid angry protests in the streets, Pacific rim countries signed the controversial Trans-Pacific Partnership (TPP) trade deal on February 4 in New Zealand's capital Auckland.
The United States and 11 other Pacific Rim nations, including Australia, reached an agreement on October 5 on the Trans-Pacific Partnership, the largest regional trade accord in history.
There were huge protests against the Trans-Pacific Partnership held across New Zealand on August 15. About 10,000 protesters marched in Auckland, 5000 in Wellington, 4000 in Christchurch and thousands more in other parts of the country.
The TPP is a free trade deal being negotiated by countries on the Pacific rim: the US, Australia, Singapore, New Zealand, Chile, Brunei, Canada, Malaysia, Mexico, Peru, Vietnam and Japan. These countries represent about 40% of global GDP.
