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Why Did Japan Just Ratify The TPP? (businesstimes.com.sg)
The controversial Trans-Pacific Partnership can't go into effect without U.S. approval, Japan's Prime Minister Shinzo Abe has acknowledged. Yet despite president-elect Trump's promise to withdraw from the agreement -- Friday Japan's parliament voted to approve it. An anonymous reader quotes the Business Times.
Was last Friday's vote simply a Quixotic tribute to a dying cause or -- as some are asking -- does Mr. Abe know something that others don't? They note that he is the only foreign leader to have met with the anointed heir to the U.S. presidency since the election result was announced. What went on in New York's Trump Tower during that "informal" meeting is unknown but some speculate that there may have been some equally informal -- but nonetheless significant -- dealmaking between the two men on the TPP. This seems quite possible, analysts say, because the TPP is of great importance to Japan and to Mr. Abe's grand design for Japan to remain a pivotal Asia-Pacific power.
The EFF has decried "the intense push to ram Internet issues into international law through the TPP," and complained Friday that Japan's newly-passed law "includes the extension of Japan's copyright term from 50 to 70 years after the death of the author, which makes today a very sad day for Japan's public domain."
And in addition, "There remains a risk that other TPP countries such as Singapore -- and even countries that weren't part of the original deal, such as Taiwan -- will soon also bring their domestic legislation into conformity with the requirements of this dead agreement."
The EFF has decried "the intense push to ram Internet issues into international law through the TPP," and complained Friday that Japan's newly-passed law "includes the extension of Japan's copyright term from 50 to 70 years after the death of the author, which makes today a very sad day for Japan's public domain."
And in addition, "There remains a risk that other TPP countries such as Singapore -- and even countries that weren't part of the original deal, such as Taiwan -- will soon also bring their domestic legislation into conformity with the requirements of this dead agreement."
>Hillary lost
I am over that. But I am still not over Bernie losing.
I'm guessing you live in Japan like me, so just wanted to point out for anyone interested that this is pretty much dead on. I would like to point out that it's neglecting the immensely positive push it got from car and electronics companies. If the TPP passed as-is Japanese cars and electronics could easily take over the US market place and would likely decimate the US domestic market. Really it would have been great for Japan, which is why I personally wanted it to pass, but the honest truth is as Trump points out it was an abysmal deal for the US. Personally I hope they just renegotiate it.
but the honest truth is as Trump points out it was an abysmal deal for the US
The negative impact on the US auto industry really misses the point, protectionism is almost always to the detriment of the country as a whole. Under the deal the Japanese agricultural industry suffers, but all Japanese people get cheaper food. It's a net benefit to Japan, even though it has a negative impact on that specific industry. At the same time the US agricultural industry gains from this.
Likewise: under the deal the US auto industry suffers, but all Americans get cheaper cars. Since almost all Americans drive, it's a net benefit to the US. And, at the same time, the Japanese auto industry gains from this. Exactly the same situation as above.
Third thing: the copyright stuff is being handled in the opposite way - favor the industry over the whole population. This is why people protest it, but it's easy to see why the politicians do it this way. The loss to industry is easy to quantify, even if they do give ridiculously inflated numbers, but the monetary benefit of shorter copyright terms is very hard to measure. You're trying to estimate the value of all of the works which could exist but don't, thanks to copyright. So politicians favor the safer option, ignoring all of the non-monetary value of the potential works that they're stifling, and go with copyright protectionism.