OND is a regular community feature on Daily Kos, consisting of news stories from around the world, sometimes coupled with a daily theme, original research or commentary. Editors of OND impart their own presentation styles and content choices, typically publishing each day near 12:00AM Eastern Time.
Special thanks to JekylinHyde for the OND banner.
Please feel free to share your articles and stories in the comments.
DW
Pacific ministers have reached a deal on the biggest trade liberalization pact in a generation. News agencies reported the accord would set standards for 12 nations and reduce tariffs for a wide range of products.Trade officials said the Trans-Pacific Partnership (TTP) would affect 40 percent of the world economy and had the potential to reshape industries.
Should national lawmakers approve the deal reached Monday, it would influence everything from the price of cheese to the cost of cancer treatment in the nations concerned.
NHK World
12 countries have reached a broad agreement on a Trans-Pacific Partnership free trade initiative.The deal came on Monday after the trade ministers from the 12 nations reached a compromise on contentious issues at a session in the US city of Atlanta.
Al Jazeera America
Pacific trade ministers have reached a deal on the most sweeping — and to many the most controversial — trade liberalization pact in a generation, in a move that will cut trade barriers and set common standards across the bloc, but potentially at a cost to consumers and employees, say public health advocates, environmentalists and labor groups.Leaders from a dozen Pacific Rim nations are poised to announce the pact later on Monday. The deal could reshape industries and influence everything from the price of cheese to the cost of cancer treatments.
The Trans-Pacific Partnership would affect 40 percent of the world economy and would stand as a legacy-defining achievement for U.S. President Barack Obama, if it is ratified by Congress.
Lawmakers in other TPP countries must also approve the deal.
The Guardian
Trade ministers from 12 countries announced the largest trade-liberalizing pact in a generation on Monday. In a press conference in Atlanta, trade ministers from the US, Australia and Japan called the the Trans-Pacific Partnership an “ambitious” and “challenging” negotiation that will cut red tape globally and “set the rules for the 21st century for trade”.The deal – in the works since 2008 – is a major victory for the US president, Barack Obama. “This partnership levels the playing field for our farmers, ranchers and manufacturers by eliminating more than 18,000 taxes that various countries put on our products,” the president said in a statement. “It includes the strongest commitments on labor and the environment of any trade agreement in history, and those commitments are enforceable, unlike in past agreements.”
Reuters
The United States and 11 other Pacific Rim countries have reached a sweeping deal to set up a free-trade zone for 40 percent of the world's economy, but the accord on Monday faced initial skepticism in the U.S. Congress.The Trans-Pacific Partnership is the most ambitious trade pact in a generation and could reshape industries and influence the cost of products from cheese to cancer treatments, presenting key issues also for drug companies and automakers.
Tired negotiators worked round the clock over the weekend to settle tough issues such as monopoly rights for new biotech drugs. A demand by New Zealand for greater access for its dairy exports was only settled at 5 a.m. EDT (0900 GMT) on Monday.
Details of the pact were emerging in statements by officials after days of marathon talks in Atlanta.
The 12 countries will cut trade barriers and set common standards for a region stretching from Vietnam to Canada. The agreement could be a legacy-defining achievement for Democratic President Barack Obama, if it is ratified by Congress.