Obama Defends TPP as Mexican President Visits Washington
President Barack Obama continued to defend the Trans-Pacific Partnership on July 22 amid opposition from both the Republican and the Democratic presidential tickets, saying it is more feasible to steer globalization more fairly through TPP than to “build a wall”…
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around technological advances, an increasingly integrated global supply chain and changes in transportation (here). Obama spoke at a joint press conference alongside Mexican President Enrique Pena Nieto during his recent visit to Washington. Pena Nieto also championed the pact, saying it strengthens NAFTA and opens up a “highly promising” economic platform for economic development and resultant benefits for all 12 member nations. “There are dangers that globalization increased inequality. There are dangers that because capital is mobile and workers are not, if we are not providing them sufficient protection, they can be left behind in this process,” Obama said. “That’s what we have to focus on, and the Trans-Pacific Partnership is consistent with that.” Meanwhile, Sen. Tim Kaine, D-Va., Hillary Clinton’s vice presidential running mate, is reportedly expected to publicly announce his opposition “soon,” The Washington Post reported (here).