Another dirty deal by Mr. Nobel Peace Prize Laureate
“America should write the rules. America should call the shots. Other countries should play by the rules that America and our partners set, and not the other way around,” the president wrote in a piece published by the Washington Post.
Obama was defending the Trans- Pacific Partnership (TPP), a free trade deal signed in February by 12 Pacific Rim nations. The US legislators are yet to ratify the deal, and the president said it must be done as soon as possible.
“The Asia-Pacific region will continue its economic integration, with or without the United States. We can lead that process, or we can sit on the sidelines and watch prosperity pass us by,” he warned, pointing a finger at China as a major threat to the TPP.
“As we speak, China is negotiating a trade deal that would carve up some of the fastest-growing markets in the world at our expense, putting American jobs, businesses and goods at risk.”
China is advocating an alternative treaty called Regional Comprehensive Economic Partnership, which includes some of America’s closest allies in the region like Australia, South Korea and Japan. The RCEP does not follow the US interests the way the TPP does, Obama said, describing TPP as“a trade deal that puts American workers first and makes sure we write the rules of the road for trade in the 21st century.”
Please use the link to FINISH READING of the original article