Obama: the process of harmonization of the agreement on TPP will be long

Obama: the process of harmonization of the agreement on TPP will be long


The agreement to establish the TRANS-Pacific partnership, which will created a free trade area in the Asia-Pacific region, was reached on Monday, 5 October.

WASHINGTON 6 Oct. U.S. President Barack Obama will persuade Congress and the American public in favor of the agreement on the TRANS-Pacific partnership (TPP) to counter the “misinformation” around the deal, he said Tuesday, speaking to businessmen at the Ministry of agriculture of the USA.

The agreement to establish the TRANS-Pacific partnership was reached on Monday. It will created a free trade area in the Asia-Pacific region. The Pacific countries account for over 40% of the world economy and a third of world trade. The parties to the agreement — the U.S., Canada, Mexico in North America, Peru and Chile to the South, Japan, Malaysia, Brunei, Singapore and Vietnam in Asia as well as Australia and New Zealand.

“The actual voting will be preceded by discussions and consultations under the agreement, it will be a long, healthy process… We’re going to communicate not only with members of Congress, and American public organizations, various constituencies and governors and mayors, who must make sure that it is good for their communities,” Obama said.

“I have repeatedly said that the agreement will be submitted to Congress, if I’m absolutely sure that it is good for American workers and good for American companies is good for American farmers, good for American ranchers and good for American manufacturers. We followed this principle in the agreement,” he said and noticed that from the very beginning of this deal around a lot of “misinformation”.

It is now clear that to carry out the agreement through Congress the Obama administration will not be easy. So, US Senator and contender for the democratic nomination in the presidential elections, Bernie Sanders spoke Monday against the agreement. Concern and agreement expressed by the majority leader in the Senate Mitch McConnell.

To ensure the successful completion of the agreement in Congress, Obama has made the summer of parliamentarians special trade authority (fast track): now Congress has the right only to approve or deny prisoners the administration of U.S. international trade agreements without amendments.