TRANS-PACIFIC PARTNERSHIP :
US to quit Trade Deal on first day in office: Trump
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 .