TRANS-PA­CIFIC PART­NER­SHIP :

US to quit Trade Deal on first day in of­fice: Trump

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Pres­i­dent-elect Don­ald Trump says the Unit­edS­tates will quit the Tran­sPa­cific Part­ner­ship (TPP) trade deal on his first day in the White House. He made the an­nounce­ment in a video mes­sage out­lin­ing what he in­tends to do first when he takes of­fice in Jan­uary. The TPP trade deal was signed by 12 coun­tries which to­gether cover 40 per cent of the world’s econ­omy. The Repub­li­can also pledged to re­duce “job-killing re­stric­tions” on coal pro­duc­tion and stop visa abuses. But there was no men­tion of re­peal­ing Oba­macare or build­ing a wall on the south­ern bor­der with Mex­ico, two ac­tions he said dur­ing the cam­paign he would do on day one. His sur­prise elec­tion win two weeks ago has sparked protests across the US. The TPP was agreed in 2015 by coun­tries in­clud­ing Ja­pan, Malaysia, Aus­tralia, New Zealand, Canada and Mex­ico, but is not yet rat­i­fied. Its aim was to deepen eco­nomic ties and boost growth but its op­po­nents said it was ne­go­ti­ated in se­cret and it favours big cor­po­ra­tions.

What is the TPP and why does it mat­ter? On Mon­day, Ja­panese Prime Min­is­ter Shinzo Abe said the TPP trade deal would be mean­ing­less with­out the in­volve­ment of the US. In the video mes­sage, Mr Trump said his gov­ern­ing agenda would be based on “putting Amer­ica first”. The six ex­ec­u­tive ac­tions he would take on day one are: is­su­ing no­tice of with­draw­ing from TPP can­celling re­stric­tions on US en­ergy pro­duc­tion cut­ting reg­u­la­tions on busi­nesses or­der­ing a plan to com­bat cy­ber-at­tacks in­ves­ti­gat­ing visa abuses that un­der­cut American work­ers im­pos­ing a five-year ban on peo­ple leav­ing govern­ment to be­come lob­by­ists. The pres­i­dent-elect has spent the last week start­ing to put to­gether his new team. BBC

Pro­test­ers say the trade deal kills American jobs .

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