When Obama won, Romney said he had to make up his own minds about the TPP deal, but now that Obama is president, he’s made up his mind…
By MICHAEL BRUNOPosted November 10, 2012 12:27:52The latest on the U.S. presidential race:President Barack Obama says he has made up a “new kind of foreign policy” by negotiating the Trans-Pacific Partnership (TPP) agreement with 11 other countries, a move that is expected to open the way for a major U.K. trade deal with Canada, and to ease some restrictions on U.J. goods.
But the president says he’s still going to keep the U-shaped path that led to the TPP, saying that the agreement should be reworked, not eliminated.
And he says he will continue to push for an expansion of trade in sectors such as consumer goods, and the U.-shaped path he has taken on the TPP will be upheld.
While the TPP is still a work in progress, Obama says it’s important for the U:”There is no doubt that we need to work together to ensure that we are not only bringing economic benefits to our citizens, but that we’re creating jobs,” Obama said at a news conference Thursday.
He says the TPP should be amended to bring the U in line with what he calls the “rules and regulations that make the U a great place to do business.”
But he also said he’s not going to stop there, saying he’ll also pursue “trade deals that promote the interests of the American people” like the TPP.
The president says his administration is looking at several possible routes forward, including an expansion to 12 countries, and a possible agreement with Japan, where the country has been trying to renegotiate its relationship with the United States.
The White House also announced a deal with Vietnam, a country with a growing middle class and high levels of democracy, that is intended to allow American businesses to buy Vietnamese goods.
Obama says the new trade deal would open up more opportunities for U.s. workers and American businesses.
It would also allow more people to come to the U., including children, who could be more easily employed, Obama said.
The TPP has drawn widespread opposition from some Democrats, who say the agreement would harm U. S. workers, and that it’s too weak to meet international standards.
But many Americans say the TPP makes good economic sense for both the United and the TPP nations, and many are not opposed to the agreement at all.
In a sign that the U, with its huge U-shape trade path, is still negotiating on the same page as Obama, the Obama administration is expected this week to unveil a report that looks at how the trade deal could benefit U. workers.
In the meantime, the White House says that in the final years of his administration, Obama has made it clear that he intends to negotiate a comprehensive trade agreement with the other nations, with a goal of achieving a deal that is good for the United, and good for our economy.
The Associated Press contributed to this report.