TPP Talks Stalled – Obama Seems to Have Lost Interest


The Trans Pacific Partnership negotiation has come to stand still and the United States seems to lack the necessary “stubborn persistence” needed to press on and come back to the negotiating table.

Hot Air reports,

Japan has expressed concern about a loss of momentum in talks on a pan-Pacific trade pact after participants failed to agree to meet again this month to try to clinch a deal that would cover 40 percent of the global economy.

Ministers from the 12 nations negotiating the Trans-Pacific Partnership (TPP), which would stretch from Japan to Chile, fell short of a deal at talks last month on the Hawaiian island of Maui, despite early optimism.

Japanese Economy Minister Akira Amari, in a blog circulated on Tuesday, also questioned why the United States appeared to have lacked its usual “stubborn persistence” at those talks, despite a willingness of some countries to stay to try to reach an agreement.

“The reason I stressed … that we should meet again this month was because each country might lose interest and (the talks) would go adrift,” Amari wrote.

Why did the United States fight hard for the deal initially to only seemingly walk away now? What has distracted the negotiators? And is this going to be another ugly bruise on the reputation of the United States?

Read more over at HotAir.

Photo: Wikipedia



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