Japan TPP Negotiator Wonders Why Pact Excludes Monetary Policy (because it's rigged)
With an ultimate goal of stimulating economic growth, hopes are high that the proposed Trans-Pacific Partnership free trade agreement will lead to a spike in cross-border business deals among member countries. Assuming that’s the case, Japan’s chief TPP negotiator posed an interesting question: why does the pact sidestep a key factor that affects practically all international business activity?
“Why aren’t monetary and fiscal policies subject to economic partnership agreements?” Koji Tsuruoka rhetorically asked at a Tokyo symposium Tuesday. “Is it because there is a coalition of financial services regulators and they don’t want anyone to intervene in their world?”
Mr. Tsuruoka, who just returned from a 10 day meeting of TPP senior negotiators in Ottawa, noted “this is a question we may be asked as negotiators in the future.” The TPP’s 12 countries, including the U.S. and Japan, are negotiating to conclude most of the talks by the end of the year.
While free trade agreements typically focus on tariff and labor issues, how a country guides its currency and controls its lending rates are two variables that could have significant influence over the cost of cross-border trade.
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http://blogs.wsj.com/economics/2014/07/17/japan-tpp-negotiator-wonders-why-pact-excludes-monetary-policy/
and sorry, but the President is up to his ears in complicity in this. He's the one that appointed the USTR fucks like Froman and Siddiqui and enabled corporations whilst shutting out environmental and citizen advocacy groups. It's a huge blot on his presidency and belies his words on wealth inequality.
http://en.wikipedia.org/wiki/Islam_A._Siddiqui
= new reply since forum marked as read
