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The Trans Pacific Partnership (TPP) is a pending international trade agreement among 12 nations bordering the Pacific. Negotiations by-and-large have been secret. Successful completion of the TPP is a cornerstone of President Obama’s “pivot” to Asia.
In November, 2013, a draft version of the TPP Intellectual Property Rights (IPR) chapter was published by WikiLeaks, revealing controversial clauses that have elicited protest from numerous groups about several issues ranging from intellectual property, currency, the Internet, fair trade, human rights, and public health to the environment. Organizations such as the United States Chamber of Commerce enthusiastically support the TPP negotiations, but many groups and organizations see the agreement as unfair and even dangerous for some U.S. businesses.
While the majority of reputable economists believe that free trade contributes to prosperity by creating jobs (maximizing comparative advantages), some believe that current US trade policy contributes to ever increasing income inequality in the United States. Hundreds of activist groups are protesting, demonstrating, and signing letters urging Congress to reject TPP. Their complaints include an under-mining of financial regulations, labor rights, public procurement, allowing corporate suit of foreign governments (‘investor-state’ provisions), restricting access to generic drugs, challenging food safety regulations, restricting Internet use, delaying action on climate change, and limiting exportation of oil, liquid natural gas, coal, and water.
A Bipartisan Congressional Trade Priorities Act introduced in January 2014, designed to grant the President ‘fast track’ negotiating authority to speed international trade agreements through Congress was denied a hearing by the Senate Majority Leader and probably will never reach the Senate Floor. Without its passage, the President faces formidable obstacles to ratify the TPP, provided the twelve countries agree to a text.
This webinar will bring together national and international experts to explain what has made the TPP so controversial, why it is important, and the obstacles it faces. They will suggest how businesses can best prepare for any changes the TPP could bring about. The current agenda to be addressed of the speakers will be:
What is the TPP?
Role of U.S. Domestic Policy
Role of U.S. Foreign Policy
Summary and Conclusions
To view the webcast go to this link: http://youtu.be/0i50stMDNMw
To learn more about the webcast please visit our website: http://theknowledgegroup.org/