TTP deal “not moving forward any time soon” – Philip Levy by Radio Sputnik

The Obama administration has abandoned all hope of enacting the controversial Pacific trade pact, just days after Donald Trump’s victory in the presidential race.
That’s what the Wall Street Journal reported on Friday citing US officials.
The Trans-Pacific Partnership deal, known as TTP, which involves 12 nations accounting for over 40 percent of the global economy, has been negotiated in secret for years.
President Barack Obama reportedly hoped to have the deal approved by Congress before he turns over the White House to Trump, but on Wednesday Senate Majority Leader Mitch McConnell indicated that the TPP would not be considered in the lame-duck session.
Senior Fellow on the Global Economy at The Chicago Council on Global Affairs – Philip Levy – told us more about the prospects of the TTP deal after the recent developments in the US.

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