"For TPP, the main concerns are Vietnam and Mexico."
March 2015, Politico:
3/17/2015, "Putting the TPP on the Right Track," Politico, by Simon Johnson and Ohio Rep. Sander Levin
p.1 of 2: "Here are some of the salient challenges to getting TPP right.
First, on the incorporation of international labor standards, recent
experience in Guatemala, Honduras, and Colombia illustrates how
important oversight and enforcement are — and how difficult progress can
be when enforcement is weak and follow-through is slow. For TPP, the
main concerns are Vietnam and Mexico.
(p. 2) Vietnam represents the first time the U.S. is negotiating a broad
trade agreement with a command economy. As a country that has never
allowed workers to choose their own representatives and where the single
labor union is part of the Communist Party, Vietnam will require not
only major changes to its laws and practices, but also regular
monitoring of compliance by a panel of experts.
And if TPP is to serve as a renegotiation of the North
American Free Trade Agreement, Mexico will need to change its labor laws and practices, to properly implement its TPP obligations....
Third, we must preserve the sovereign right of governments to
develop legitimate regulations under the TPP’s investment rules.
investor-state dispute settlement mechanism creates an arbitration
process, through which companies can claim that a country has broken
those rules and seek monetary compensation — and a proliferation of such
cases in recent years serves as a wake-up call.
One of several important changes would be to ensure that, in the
event of a dispute, both governments involved — the host and the home
country for the company — can jointly agree that a case is inappropriate
and should be dismissed....
Fifth, we must meaningfully address currency manipulation — direct
government intervention in the currency markets to weaken one’s currency
for the purpose of boosting exports and limiting imports. Currency
manipulation has cost the United States millions of jobs over the past
decade and a half. China manipulated its currency most dramatically in
this time period — accumulating the largest stock of foreign exchange
reserves the world has ever known. In earlier episodes, Japan, South
Korea and others manipulated their currencies."...
Monday, September 19, 2016
Vietnam and Mexico are main concerns of TPP trade deal, the latter assuming TPP is to serve as renegotiation of NAFTA. Both countries would need to change their labor laws and practices to implement TPP obligations-Politico, Rep. Sander Levin and Simon Johnson, March 2015
Posted by susan at 5:20 AM