Obama is quite confident about TPP pacific trade deal

Obama is quite confident about TPP pacific trade deal


United States President Barack Obama said on Tuesday that he was confident about the TPP Pacific free-trade deal as he started demanding for its approval by Congress.

After  some hours when 12 countries reached agreement on the Trans-Pacific Partnership following grueling Atlanta negotiations, Obama expressed agriculture and business front-runners that the deal is good for them.

“I’ve said repeatedly that I would only sign an agreement and present an agreement to Congress if I could be absolutely certain that it was good for American workers and good for American businesses, good for American farmers and good for American ranchers, and good for American manufacturers,” he said.

“We have met that standard in this agreement.”

Even the specifics of the contract will not likely to be revealed publically for weeks, congressional front-runners have already stated reservations over the TPP deal, which would manner the world’s largest free-trade zone “made for the 21st century”.

Obama worried about the Congress, the community and other investors would all get to involve the whole contract before it energies to a vote in the Congress, this process is of three months.

Converted in secret, the TPP pact has some 30 chapters on issues from intellectual property protections to handling foreign investor disputes to enforcing labor rights, and a number of annex agreements on specific tariff cuts between specific countries.

“There’s going to be a long, healthy process of discussion and consultation and debate before this ever comes to an actual vote,” Obama said.

“But I’m also confident that the case to be made for why this is good for America is sufficiently strong; that ultimately we’re going to get this done, and it will be an enormous achievement for us to be able to make sure that 40 percent of the world’s economy is operating under rules that don’t hurt us.”

“Under this agreement, we, rather than countries like China, are writing the rules for the global economy,” he added.