The Obama administration went all out for its approval – a hugely secretive anti-consumer, anti-freedom, anti-environment, jobs-killing corporate giveaway race to the bottom.

It’s all about greater than ever corporate empowerment under its rules, overriding domestic laws for maximum profit-making.

Obama lied, claiming it aims to “promote economic growth; support the creation and retention of jobs; enhance innovation, productivity and competitiveness; raise living standards; reduce poverty in the signatories’ countries; and promote transparency, good governance, and enhanced labor and environmental protections.”

It’s polar opposite on all counts. Secret negotiations went on for years, owing to TPP’s controversial provisions. Congress never ratified it.

Trump’s opposition to the deal greatly aided his electoral triumph. Global Trade Watch director Lori Wallach explained Obama’s support “signaled to those whose lives have been turned upside down by the trade policies of the past 25 years that (Democrats don’t) care about them.”

Candidate Obama in 2008 campaigned against unfair trade deals. President Obama betrayed US workers by supporting them. Trump’s memorandum killed TPP on his watch.

He didn’t end talks on TTIP – TPP’s transatlantic equivalent or the secretive Trade in Services Agreement (TISA) – though his January 23 memorandum said his administration will “deal directly with individual countries on a one-on-one (or bilateral) basis in negotiating future trade deals.”

read full article http://www.globalresearch.ca/is-the-tpp-hegemonic-trade-deal-dead-o...

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