Which state will be most impacted by construction of the Trans-Pacific Partnership?
A new report from the World Economic Forum (WEF) has found that the US is most vulnerable to the construction of a new US-Australia border.
The report, released today, suggests that the TPP would likely cause a sharp drop in trade between the two countries, with trade between those countries down by around 50% by 2026.
The biggest impact would be on Australia, with the US-USSR trade volume expected to drop by about $US40bn in 2026, according to the report.
The US-EU Free Trade Agreement (FTA) has been under scrutiny following the death of Dr Joao Guilherme Santos in March.
In November last year, Santos was killed when he was hit by a truck as he walked to a local market.
In December, the US State Department issued a statement stating that Santos was “killed by a US-registered truck”.
Santos’ death sparked international protests and a massive nationwide protest in the US.
Sants death was followed by a massive wave of protests in the EU in November last season, when around 30,000 people gathered in Paris and in Brussels in the face of US President Donald Trump’s stance on the TPP.
On Thursday, the president announced that he had withdrawn the US from the Transatlantic Trade and Investment Partnership (TTIP), a trade deal that is being negotiated by the US and several European nations.
The US has said it wants to withdraw from the agreement, but has been negotiating it with the EU, Canada and Japan.