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Old 11-13-2017, 12:47 PM
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Default The World is Moving On Without Us

A group of 11 countries announced on Saturday that they had committed to resurrecting a sweeping multinational trade agreement, the Trans-Pacific Partnership, without the United States. A new deal, which would have to be signed and ratified by each country, would include major United States allies like Japan, Canada and Mexico. Collectively, they account for about a sixth of global trade.

The agreement will “serve as a foundation for building a broader free-trade area” across Asia, Taro Kono, Japan’s foreign minister, said in a statement.

Meanwhile, Mexico and Argentina are signing a trade deal where Mexico will buy its corn and wheat from Argentina, costing US farmers about $13 billion every year.

The decision to move ahead with the TPP agreement, minus the United States, reflects how Trump’s decision to withdraw from the deal created a vacuum other nations are now moving to fill, with or without the president