President Obama, Singapore PM Push for TPP Deal

Time: 9:28 p.m. CEST

President Barack Obama pushed on Tuesday for the benefits of Trans-Pacific Partnership, a trade deal during the official visit of the Prime minister of Singapore Lee Hsien Loong. The United States and Singapore are among 12 countries signatories of the trade agreement. During the common news conference at the White House, Obama and Prime minister Lee Hsien Loon addressed the issues and fate of the workers in the global economy, which could not be reversed.

“We are part of a global economy. We are not reversing that. It can’t be reversed because it is driven by technology … and the fact that the demand for products inside of our country means we’ve got to get some things from other places,” Obama said.

The TPP, which Obama would like to promote as his legacy, faces battle in Congress and both presidential candidates Hillary Clinton and Donald Trump are opposing to the deal. Obama would push for the deal even in the period of November 8, when the presidential elections would take place.

“I think I’ve got the better argument,” he said. “Hopefully after the election is over and the dust settles, there will be more attention to the actual facts behind the deal. It won’t just be a political symbol,” Obama said.

Singapore Prime minister Lee said the deal is pivotal to the United States’ relationship with Asia.”In terms of the economic benefits, the TPP is a big deal,” Lee said. “In terms of America’s engagement of the region, you have put your reputation on the line.” Lee said that he hopes the Congress would ratify the TPP soon and would send a signal that America would lead in the Asia-Pacific.

The deal could liberalize the commerce with 40 precent of the world’s economy and it would try to leverage the influence of China in Asia.


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.