Democratic presidential front-runner Hillary Clinton on Wednesday (Oct. 7) said she is “not in favor” of what she understands so far of the Trans-Pacific Partnership (TPP) deal, citing its failure to address currency manipulation and its protections for pharmaceutical companies, but stopped well short of declaring her firm opposition to the deal.
[Reposted from Inside US Trade | October 7, 2015]
“What I know about it, as of today, I am not in favor of what I have learned about it,” Clinton told PBS Newshour in an interview, referring to TPP. Just before making that comment, Clinton said she has “been trying to learn as much as I can about the agreement, but I'm worried.”
“I'm worried about currency manipulation not being part of the agreement. We've lost American jobs to the manipulations that countries -- particularly in Asia -- have engaged in,” she added. “I'm worried that the pharmaceutical companies may have gotten more benefits and patients and consumers fewer.”
“I think that there are still a lot of unanswered questions, but for me it really comes down to those three points that I made and the fact that we've learned a lot about trade agreements in the past years,” Clinton said. The three conditions that the TPP must fulfill in her view is to create American jobs, raise wages and advance national security.
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