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Here we go... One of the things that is going to be interesting is whether progressives like @SenSherrodBrown who were willing to side with Trump and buy into Nafta/USMCA will be willing to do the same with Biden on TPP. Not that I think TPP will be a rapid priority... https://twitter.com/howserob/status/1327999777712332800
But it’s not just Dems. Only reason Obama was committed to ISDS in TPP and strict IP rules for biologics was that Republicans set those as red lines. It’s forgotten that Orrin Hatch effectively put the brakes on because of biologics...
But I do think the geopolitical argument for the TPP, which isn’t just a myth to strategic/national security types in Washington, will gain salience with China now more clearly defined as a strategic rival by the US.
I also wonder if some day soon we are going to be talking about the value of an EU-China investment agreement that contains an arbitration provision with real teeth. Imagine if foreign companies mistreated by Chinese authorities or with IP stolen had somewhere to go?
I always thought ISDS battles were part of a phony war. There just aren’t enough cases in the world to be worth the fight. Also, Philip Morris and others lost totemic cases.
But it was something for anti-TPP/TTIP folks to rally around. Same with labor enforcement...
But it was something for anti-TPP/TTIP folks to rally around. Same with labor enforcement...
Now that labor and other progressive opponents in US have signaled they are willing to back trade deals sans ISDS and with stronger labor enforcement what will be next area they will use to block a deal with a Democratic president? Will they really want to back only Trump deals?
