Trans-Pacific Partnership trade deal endorsed by major tech group

An industry group representing major tech firms including Google, Facebook, Yahoo, Amazon, Twitter, Uber and eBay has endorsed the controversial Trans-Pacific Partnership trade pact plan.

“The TPP recognizes the Internet as an essential American export,” Internet Association CEO Michael Beckerman said in a statement. “Historically, pro-Internet policies have been absent from trade agreements, which is why the TPP is an important step forward for the Internet sector that accounts for 6 percent of the GDP and nearly 3 million American jobs.

“It will be critical that the TPP is implemented in a way that supports the Internet economy.”

While President Barack Obama backs the trade deal, it has met with strong opposition from critics including Sen. Elizabeth Warren, who attacked secrecy around the pact’s drafting and has said the deal could weaken U.S. regulations that are good for Americans but might threaten foreign companies’ profits.

Beckerman in his statement lauded the proposed deal’s prohibition on certain foreign regulations that might threaten U.S. tech firms’ profits. “The TPP requires countries to allow the transfer of information across borders and prohibits requirements to use inefficient, localized computing facilities,” Beckerman said.

The pact would also strengthen protections conferred by U.S. copyright law, Beckerman said.

The 11 countries negotiating the TPP with the U.S. are Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam.

The trade pact plan has a rocky road ahead, according to The Hill. “The deal has faced opposition from progressives in Congress, and the politicized environment around the 2016 election has made congressional action far less likely,” the news site said.

Photo: Sen. Elizabeth Warren (AP/Susan Walsh, File)

 

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  • Sarah Chapman

    When I looked at the draft of 8755 dollars,,axp I have faith that brother of my friend was like really generating cash in his free time with his PC. His aunt’s neighbor has done this for only 8 months and by now repaid the loan on their home and bought a new Car.

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  • Dave

    I expected more from engineers who should know better considering their penchant for analyzing and solving problems. On second thought, I’m sure they do know better but find they will benefit from its passage even though everyone else will suffer. Actually they probably don’t even care about anyone else, after all what can you expect from tax evading, stock buyback trading corporations engaged in wage theft of their own employees?

  • sharpe123

    The TPP leaves out China, which is the only country that is expanding its nuclear missiles. China’s response to the TPP is its preparing to tax or block vessels that enter the south china sea.

 
 
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