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News: General

How "Trans-Pacific Partnership" Could Impact Hollywood

Tuesday, October 20, 2015   (0 Comments)
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From Variety:

President Obama said that, among other things, the trade pact "promotes a free and open Internet.”

"When more than 95 percent of our potential customers live outside our borders, we can’t let countries like China write the rules of the global economy,” he said. China is not part of the trade pact, but a hope among some supporters is that it will pressure the country to adopt some of the same standards.

Other countries in the TPP areAustralia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, and Vietnam.

The devil will be in the details, and the final text is not expected to be released until at least a month or so. Obama cannot sign it until after a 90-day review period, after which Congress will give it an up or down vote, without the possibility of amending it. A vote is not expected until next spring.

- Read the full article at Variety.com



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