- Sputnik International
World
Get the latest news from around the world, live coverage, off-beat stories, features and analysis.

TPP Deal to Cause Lower Wages, Job Losses in US

© Flickr / GlobalTradeWatchEarlier on Monday, 12 Pacific Rim countries reached consensus on the wording and subject matter of the TPP free trade agreement.
Earlier on Monday, 12 Pacific Rim countries reached consensus on the wording and subject matter of the TPP free trade agreement. - Sputnik International
Subscribe
United Food and Commercial Workers International Union (UFCW) President Marc Perrone said that TPP deal will harm US workers, their families, jobs and the United States as a whole.

US President Barack Obama - Sputnik International
World
Obama Ready to Work With Congress on TPP Deal Before Signing
WASHINGTON (Sputnik) — The Trans Pacific Partnership (TPP) free trade deal will result in depletion of jobs and decline in wages in the United States, United Food and Commercial Workers International Union (UFCW) President Marc Perrone stated on Monday.

"This deal will most likely fail to address currency manipulation, offer big pharmaceutical corporations unacceptable protections that will limit access to life-saving medicines, and threaten every hard-working American family with job losses and lower wages," Perrone said in a statement.

Earlier on Monday, 12 Pacific Rim countries reached consensus on the wording and subject matter of the TPP free trade agreement.

"The only good thing about a TPP agreement being reached is that the American people will finally be able to read every line of this deal," Perrone noted of the deal being negotiated in unusual secrecy. "Given what we already know from leaked drafts, we should prepare for the worst, and expect even worse than that."

Davis said the long chronicle of trade agreements proves the TPP deal will harm US workers, their families, jobs and the United States as a whole.

Protestors call for the rejection of the Trans-Pacific Partnership trade deal under negotiation in Atlanta, Georgia on October 1, 2015 - Sputnik International
Deal Reached on Controversial Trans-Pacific Partnership
"In the coming months, hard-working men and women who are a part of the UFCW family will be pushing every member of Congress — Republican and Democrat — to see the harmful effects of this deal through the eyes of everyday American families," Perrone explained.

He added, "Make no mistake, this fight is not over."

The TPP free trade agreement eliminates taxes on US machinery, automotive and agriculture products as well as communications technology, among other goods exported to the Asia Pacific region, according to the White House.

The US Congress is expected to vote on the controversial agreement in the beginning of 2016.

Besides the United States and Canada, the TPP deal includes Australia, Japan, New Zealand, Mexico, Taiwan, Peru, Brunei, Chile, Singapore and Malaysia.

Newsfeed
0
To participate in the discussion
log in or register
loader
Chats
Заголовок открываемого материала