Obama’s chances to sign TPP sink as Senate majority leader says no to vote
RT.com
26 Aug, 2016
The Trans-Pacific Partnership (TPP) may not be dead in the water, but it’s struggling to stay afloat now that Senate Majority Leader Mitch McConnell (R-Kentucky) has said he’s not willing to serve as its lifeguard.
McConnell said he will not bring the TPP up for a vote in the Senate this year.
“The current agreement, the Trans-Pacific [Partnership], which has some serious flaws, will not be acted upon this year,” McConnell said at the Kentucky State Farm Bureau breakfast on Thursday, The Hill reported.
The Obama administration’s signature trade deal to establish regulations between a dozen countries in the Pacific Basin has been largely negotiated in secret. Its opponents say these regulations would undermine jobs in the US and work to the benefit of corporations rather than the 12 nations’ workers.
McConnell wasn’t willing to kill the deal completely, however, saying that it could see a vote in 2017 if some changes are made.
“It will still be around. It can be massaged, changed, worked on during the next administration,” he said.
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