do you think the tpp should be given a death sentence? >> 100% i think cancer patients and our families need to stand up and tell the congress to vote this thing down. and ourhrough activism brothers and sisters in other countries influencing their governments, we knocked some provisions down from 12 years to five to eight years, but if you have cancer, you can't wait five years, you can't wait eight years, let alone 12 years. so unfortunately, the death sentence clause is still in there. other negative provisions are still in their which will harm access to non-biologics and our and we aretpp kills going to be joining the other citizen groups working against this. i will put my body on the line again if i have to because it is that important. amy: zahara heckscher, thank you for being with us, social justice, advocate, arrested last week for disrupting the tpp negotiations. she is currently in treatment for breast cancer. i also want to thank robert weissman, president of public citizen. when we come back, we remember the life and legacy

the tpp is also significant to the u.s. and japan in the sense that it is the first free trade pact that both countries have joined. the u.s. and japan want to retain a leading position in the world by establishing an economic bloc that can compete against china. so this broad agreement is certainly a major step forward for the economic growth of the tpp members. officials are now at a critical phase in the negotiations as they try to create a new economic bloc encompassing the pacific region. >> time to check on the markets. u.s. stocks saw the dow close than 1.8% higher. this followed friday's miss pointing nonfarm payroll reports. nasdaq swung back into the positive of the year up 1.5% monday. for more on this and trading in asia, let's go to the tokyo stock exchange. >> it's tuesday october 6th. winning streak for nine sessions in a row. nikkei hit a 2.5% high at the open. topix opening up 1.8%. they will have another meeting on october 30th. spig expectations are high. nearly 50% of analysts are expecting an easing in

we asked an expert what benefits tpp brings to japan.ur regulatory strategy leader says the pact will help the country both economically and litically. >> translator: japanese officials were able to draw concessions on member countries over auto parts for cars. this is expected to have a major impact on domestic auto parts makers allowing them to save $500 million annually. also, canada will lower tariffs. that means a lot to have low tariffs in a country in which japan never had a bilateral trade agreement. >> he says it supports japan's security and officials of countries water economic deals have limited opportunities to meet and discuss their security situations. >> translator: if countries have an economic pact, they meet on a regular basis to discuss their economies or to revise the deal. at those meetings, officials could talk about other issues such as security and could strengthen diplomatic ties. >> he says japanese officials were successful in holding a leading position in the talks pointing out the deal will favor japan even

are you down with tpp?t's the "inside story." welcome to "inside story," i'm ray and banking and farming and manufacturing, 12 counties representing two fifths of the world's economic activity are ready to pull their economies into closer harmony with the trans pacific partnership and countries in different stages of development from vietnam to the united states will be partners, open markets that are rich and small like australias with countries that are young, large and poor to vietnam to countries that are huge and rich like the united states. as with any trade deals there are likely to be winners and users like nafta on all sides of the north american international borders and al jazeera's patricia has more. >> reporter: it's been five years in the making. >> we have successfully concluded the trans partnership. promises. >> it's the highest standard trade agreement in history. it's got strong provisions for workers and the environment. >> reporter: but what will the trans pacific partnership between th

it has taken be a wait and see stance with tpp. but the conclusion of the new trade accord has alarmed some korean auto parts manufacturers. this company makes parts for car engines. it exports 70% of its products. it plans to enter the american market next year because the bilateral trade deal lifts the tariffs on the company's products that were supposed to be more price competitive. once tpp is implemented, however, rival japanese companies will enjoy tariff free status too. the deal also means that tpp members states are expected to source more auto parts from within the trade bloc. the company fretz that its products might not be able to compete. >> translator: i think the tpp pact will boost the export power of our competitors in japan. it will put south korea under significant disadvantage in the medium and long-term. >> reporter: some experts want the government to the review its trade policy. >> translator: i think the trend of international trade is changing away from bilateral deals as a way to secure success. joining th

if you look at tpp and investment chapter there, tpp has 12 countries. we've looked at this. another 10 or 15 you could easily get a critical mass of close to 90% of fdi flows and stocks. you could by adding a handful of countries making plural lateral. that covers critical mass. on topics that must be dealt in multilateral setting, subsidies or other questions, that was the point i was trying to make. so i think i believe it would be hard to do this with all 161. what i would like to see a plural laterals, but in the wto it almost impossible because even countries not part of the plural lateral have to agree this can be discussed in the wto. i would like to see wto let substantive wto members negotiate rules, issues such as subsidies. the other big thing came out last week, oecd coming out with brand new tax rules. this is 90 countries. that will have huge impact on trade an investment not all 161 countries. we need to find ways to translate these changes that are not wto minus but translations into the wto framework. like i said the appellate body seems to be very hesitant

after tpp so congress has to deal success film with tpp before we get to the question of whether ttip can pass, and i think that in the u.s. ttip will be a much easier sell in the congress than tpp is. so there just isn't all that much room for error. if i look at these things historically, my read is that the geopolitical importance of an agreement like tpp or ttip is so enormous that even some of those who are skeptical in congress are inclined to support it because saying no is such a blow to an important ally and the tpp to japan and australia and ttip to the european nations and canada and mexico. so at the end of the day congress will support this but the timing is really difficult. the obama administration would like to do this in the spring, and if we're still in a situation in the spring where donald trump has done well in the first couple of primaries, obviously secretary clinton has now come out against the tpp. rather awkwardly, i think, given her historic position on this. ... but certainly it is timing. >> host: you had beach opportunity to get up close and personal with

one of the questions is how to reconcile tpp with china not in the tpp but such a major force in the region and it seems to me there are a couple of different things to think about in that regard. one is eventually china joining the tpp. that obviously could only happen if it comes up to the high disciplines in the tpp that mike and his team have set up. another is for the united states and china to agree on certain modifications of china's current regime to make it over time more compatible with tpp standards. a third is to take the agreements that china is an nhl which the u.s. is not an which includes a variety of agreements with the asean countries as well as the new agreement stating they go shaded now an initial rcp and decide over time those agreements ought to either merge with tpp or find some means of harmonization or accommodation between the two, to better rationalize if you will the asian region. i think the thing we want to be careful not to see is a nation that's divided into trading blocks one headed by the u.s., one headed by china and the reason i think we want to b

the tpp will have to come before congress for a vote. having hillary clinton on the record being against that will that change the basic dynamics on capitol hill in terms of the obama administration being able to get this through congress? >> i think a lot has to do with how republicans receive it. one thinks it is frastronger for some than republicans might end up liking. we saw the fight over the trade promotion authority or fast track authority where it was carried mostly by republicans and for the white house to be able to get tpp ratified they need republicans and they need the same senate democrats who ended up supporting tpa. we have a long ways to go. there will be a lot of arms to twist but the white house certainly has its work cut out for it. this is never easy. one other point john was just raising is that while this is a flip-flop for hillary clinton since her days as secretary of state there is a tried and true practice for democratic presidential contenders in a democratic primary to rail against free trade accords. we saw

certainly a mixed reaction to this tpp.doubt it is undeniable, rish, this is a landmark deal that will rewrite trade rules for years to come. rishaad: thanks. let's move to some of the other stories we're following. we got blackstone the latest to come out in support of china. the chief executive says despite the obvious slowdown, consumer demand remains strong among the middle class. blackstone owns shopping malls in china and has stakes in real estate and the consumer side of things. >> i think there's been almost a panic regarding china, you know, whether it was hard landing, whether it was recession. i don't think that's going to happen. >> tenants getting the upper hand in singapore as rental rates there posted their first quarterly drop since 2012. average monthly gross trends in the central business district fell around 4.1% per square foot at least quarter on quarter to the end of september expecting rents to fall as much as 7% this year. any further 8% in 2016. apple has bought a startup that specializes in image r

tpp will have far-reaching consequences. enacted the united states antiparticle control about 40% of world trade. the agreement will transform the domestic economies of many member countries to strengthen bargaining power, and to quote from an enthusiastic expert, set an agenda for the 21st century which can be spread not only as a template for subsequent free trade agreement that can be multilateralized back to the wto and thereby provide a new template for global trade relationships. highly successful pacific alliance with chile, colombia, mexico and peru, and others have all indicated the desire to innovate as well. india went to strike and accommodation of its own. as for china, the great dark shadow over hanging tpp, japan's decision in 2013 to enter negotiations were submitted to move on the part of somewhat chastened beijing to penetrate talks with both koreas which is now approaching tpp, and japan. it is possible and is thinking about another expert that tpp will enable the united states quote to the future economic

tpp, they can't join tpp because i have so much policy that they simply cannot meet the standards. it is not clear to me that despite some progress on the chinese leadership in terms of regulation but the chinese don't have a completely cynical view of this. the policy in china has simply shifted from the national level to the state level, and you can do what you want to do at the provincial level, state level, and not have to do it at the national level. so you can still engage in a lot of the same industrial policy approaches. convergence with no state intervention, despite what cato may want, i don't think this is taking place in china. i am very skeptical that they will go along with these ideas. agree with the bigger point. we keep talking about china and outsiders, how they would be left out, discriminated. if you look at it from a different perspective -- as i said, a lot of these provisions are kind of public goods. privatization, ip rights. if i am china i get all of this for free and i don't have to give anything. the question then is, what are the incentives for china? t

however, in japan, some sectors harbor concerns about the tpp. nhk world has more. >> reporter: japan defended its interests during the tpp negotiations. >> reporter: addressing such concerns, mthe minister stresse the tpp deal is in japan's best interest. a government task force held the first public briefing on the tpp tuesday. many participants asked for government majors to protect japan's farming industry. >> i am very worried the tpp deal with cut off hopes for the future of young dairy farmers. >> translator: i want the government to take fiscal measures and implement budgets to improve profitability. >> reporter: this deal sees japan moving more than ever before, 95% or 9,000 items. eventually, the country will list tariffs on all industrial goods. japan continues to protect some items from competition. after 19% of seafood and agriculture products and for five key categories including rice, beef, and pork. tariffs maintained on 70% of them. for rice, japan will keep existing tariffs on nearly $3. by contrast, after the agreement takes ef

it has long been presumed to be dependent upon conclusion of the tpp or success of the tpp which was predicated on passenger trade promotion authority. we are going to embark on a robust debate. the debate has been going on in europe. maybe the europeans are frustrated that the american negotiators in public have been a little bit sidetracked or focused on other issues. but i think people are ready for this. ready to start talking about this. there are 345 people registered to attend this conference. i guess some of them have slept in, but they will be here at some point during the day, i hope. also, asalso, as evidence of the importance of this issue, c-span is year i just way to know in advance your boss and colleagues will no, see it, find out. please stick with us. so now that they are done and this debate is about to happen we wanted to lay the table, what are the issues? a lot is complex. we want to talk about the traditional trade negotiating that has been put on the table as well as the broader complexities this regulatory coherence. this is said to be the source of the large

tpp is stillhe secret.rankly, it is such a flawed document from what we have seen so far that really the only choice is to try to kill it in congress and at the u.s. trade representative to go back and read negotiate, at least to some of the most loathsome parts of it. yes, i was in malaysia. it was devastating. the entire country is living in a haze. one of our researchers ended up in the hospital because of it. and that is one of my colleagues. lanes of people are living and breathing this air. it is true the transpacific permission limits the democratic governance capacities of countries. he puts into corporate hands the rights to stop democratic governments from taking measures to protect its own citizens, from health care, environment, and a host of other issues. that is why it is important to try to kill it right now in congress and get it to be renegotiated. there are some good things in the tpp, a few small good things like labor rights improvements, but stacked up against all be bad, it has got to

how does apec view the tpp then?the tpp consists of 12 members who are all members but it's not an apec initiative. it will draws a on the of the work apec has been doing. it's on the sidelines of apec, improving people's living standards through trade. if it does that t will get a lot of support. i don't want to see it just become a rich man's club. actually, we've got chinese and american leadership now that was going to be my question. it will seems like china is out. isn't that a concern that this could lead to more division in the asia pacific region? >> we are seeing the regional comprehensive economic partnership, east asia plus some others being negotiated at the moment as well. we would like to see how those will all come together, and that's the whole point behind free trade area for asia and the pacific. >> do you think that's possible? china is setting up its own alternative. isn't it? do you really think you could bring everybody in? >> well, apec at the moment is looking at that. we are doing a study. i

the tpp involves 12 countries bordering the pacific ocean from the u.s.o chile, and new zealand to japan. it would remove trade barriers and lower tariffs as well as implement environmental and labor rules. the 2016 candidates are steaking out their ground, with hillary clinton remaining non-committal on the issue. >> to make sure we get the best strongest deal possible, and if we don't get it, there should be no deal. >> reporter: clinton has not indicated whether she supports tpp. >> she has to support the president if she wants to succeed, her fingerprints are on the deal, but does not want to alienate the progressive side of the base. >> reporter: bernie sanders her most significant rival has been very clear on where he standings on tpp. >> this agreement is written by corporate america, written by wall street, written by the drug companies. i will do what i can to defeat it. >> reporter: free trade is more accepted in the ranks of the tpp. >> there will be candidates who want to differentiate themselves from bush, and one way to do that would be to o

if you look at tpp, and the investment chapter there, tpp has 12 countries. we've looked at this if you add another 10, 15, you can very easily get a critical mass of close to 90% of the flows and stocks so you could by just adding a handful of countries, really make a plurry lateral that covers political mass. on your topics that must be dealt at in a multilateral setting, subsidies or other questions, that was the point i was trying to make. i think it would be hard to do this with all 161. what i would like to see is plural laterals but in the wto it's almost impossible, because even countries who are not part of the plurry lateral have to agree this could be discussed in the wto. so what i would like to see is the wto lets a substantive wto members negotiate rules issues such as subsidies, the other big thing that happened last week was the oecd coming out with brand new tax rules. this is 90 countries. this will have a huge impact on trade investment as well. it's not all 161 countries. so we need to find ways that are not wto minded just adaptation into

thatn the show, more on historic tpp agreement.about the elephant in the room, china? we are also counting down to the opens in japan and korea. tv,her you're watching on online, or on your phone, this is "first ♪ (ee-e-e-oh-mum-oh-weh) (hush my darling...) (don't fear my darling...) (the lion sleeps tonight.) (hush my darling...) man snoring (don't fear my darling...) (the lion sleeps tonight.) woman snoring take the roar out of snore. yet another innovation only at a sleep number store. mark: i am mark halperin. john: i am john heilemann. with all due respect to new york city, tonight, mark and i are at the center of the universe for real. it is the early-stage special, sports fans. i am here in iowa. these are two states that make up 1.4% of the entire population of the united states but have an outsized role in determining who will be the next president. let's start with the activity where you are in the granite state.

tpp is a major accomplishment. the president want to have to work to gain improvement -- approval for the tpp and that won't be easy. including presidential candidates like donald trump claim that tpp will ship american jobs overseas and weekend the u.s. economy. not surprisingly, the white house disagrees and want americans to endorse tpp. here is a white house press release.>> right now president obama is working to secure an agreement for tpp. this is so american workers can sell their goods to the fastest- growing markets without being blocked or put at an unfair disadvantage. that will put the american worker and the american cherry on top.>> reporter: is this trade deal good or bad for u.s. workers? >> these deals are put together by transnational corporations to globalize the world economy and to enable the powerful corporations to move their countries where the wages are high to countries where the rages are low -- wages are low so they can bring their products back into the u.s. free of charge. the deficit

if she does take a position on tpp, then she's looking for our support. the difference is, if you get my vote, i come out on election day and i pull the lever. if you got my support, i get up at 7:00 in the morning, stuff 200 envelopes, knock on doors and get my neighbors excited about voting for her as well. that's what's at stake for her. >> a lot of labor unions have not said what they're going to do. some of the rank and file want to be for sanders. the leadership would like to be for the clintons. but that tpp opposition was very important on whether the leadership could get the rank and file to go along. what do they say about it? >> there's no doubt. they would like to say this is not about politics, that as a former secretary of state, as a former senator, she has opposed some trade deals, supported some trade deals, but they don't deny how strong the politics of this are. a lot of people saying, this is smart primary politics, because as you point out, it will attract the labor unions, progressives and a lot of those within the democratic base. a

and the tpp. noodle bowl theory of trade that all these ftas in the world were going to complicate the world and create a tangle of fields, i'd like to patent the ravioli theory of trade, and that is that we are now in this ravioli, and if i'm in be asia, i call it the dumpling theory of trade. we are seeing a series of mega-regional agreements that are being written or negotiated and that eventually someday they will become the great lasagna that is the global, multilateral deal. again, i'm patenting that, is if you use it, please -- [laughter] and i think that's a long-term project. be -- i mean, it's clearly when you talk to people in the u.s. administration part of the reasoning behind the launch of tpp and also ttip was about getting something happening in the realm of trade liberalization and moving beyond the kind of paralysis that you have in the doha round now. so i think that's an important context. ttip is also a geopolitical agreement, i would argue, and that's partly because of my bac

/japan-led tpp.an welcomes eventual chinese participation. >> it would have strategic meaning if china joined the system in the future. >> many analysts see this as a powerplay, a continuing battle for dom next over the region between china and the u.s./japan alliance. regardless, creating the tpp is set to redefine international trade. >> it is going to change the economy structure. not only in this part of the world the world will be divided into economic block. every country now in order to survives must join one of these blocs. >> it will be a few years before these farmers feel any of the effects of the tpp. the deal has to be ratified by each country before it is put in place with seven of the 12 tpp countries facing elections soon, the outcome on this controversial deal could be sl ade delayed even further. manila. >>> malacia's prime minister is trying to get a lawsuit against him thrown out of court. he is being sued for allegedly keeping $700 million which was donated to his ruling party. h

negotiators are looking to overcome the final sticking points for tpp.iscuss the key issues next. you are watching "first up. ". ♪ angie: checking other stories making headlines around the world. the u.n. human rights council has approved resolution of the civil war entry lockout. thealls on allowing identification and punishment of those responsible for alleged war crimes by both government forces and militants. the war ended in 2009 with the defeat of the tigers, the u.n. estimates that at least 80,000 people died in 26 years of fighting, including up to 40,000 civilians in the final months of the war. iran has almost doubled the number of its pilgrims it's said -- it says died in his tempe -- in the stamp a. died arabia ss 769 people -- says 769 people died. they suggest the true casualty figure might be near 1000. nepal says it is running out of fuel and medical supplies because of an unofficial blockade imposed by india. more than 1000 trucks are stuck at the border with shipments of essential goods. nepalese say india is retaliating against their g

a 12-nation deal known as tpp for short. clinton did much the same as secretary of state, but it was before it was negotiated. the agreement has been finalized and clinton tells pbs it doesn't meet the high bar it once sought. that is lifting wages and advancing anythinational securi. >> sometimes they look great on paper. i know when president obama came in to office, he inherited a trade agreement with south korea. i, along with other members of the cabinet, pushed hard to get a better agreement. now looking back on it, it doesn't have the results we thought it would have in terms of access to the markets and more exports, et cetera. what i know about it today, i'm not in favor of what i learned about it. >> the white house says the opposite. clinton is in washington for a hispanic caucus event. president obama is speaking at the same dinner. >>> clinton joins most democrats in congress and most of the democratic rivals running for president opposing the tpp deal. bernie sanders says this is a disaster of trade policies. w

the tpp vote gets nocket back o the lame duck. at tend of the day i still believe that congress will pass both agreements assuming it can be negotiated but certainly it's a problem in terms of timing. >> you had the opportunity to get up close and personal with the electorate 11 times? i stil believe that congress will pass both agreements assuming it can be negotiated but certainly it's a problem in terms of timing. >> you had the opportunity eah. you've been through some of these conflicts before. what's it look like before to you? >> trade was never that popular even in arizona despite 22 years of trying to educate my zwents about the value of trade agreement so it was never that popular. but i will call the coal by mantra on that the benefits of trade are wide and diffuse while the benefits for protexism are narrow and focused. it's all the people you've been who have a very narrow focused agenda. that's why trade has become such a difficult political issue. the situation looking into this next year is as cloudy for trade as i

criminal justice, tpp and hillary's e-mail. when i asked the kids about biden, they said they would like to see him come in to the race. some are concerned about hillary saying that she has tailored her actions. when you hear about biden, leadership skills, proven ability. i think as much with this age group as with any other biden is a real factor for hillary clinton if she gets in the race. as you may have guessed the students are very active on social media. many are live, tweeting about the debate tonight. then we'll see if they got their questions answered tonight. >> thank you very much. waj is keeping an eye on the social media. >> i'm all over social media. most of the conversation is centered around the debate, which has been used more than 200,000 times today. now this might be the first time in history presidential candidates are trolling each other on social media before a debate. here is a snarky exchange between donald trump and hillary clinton that happened just today. donald with this humble tweet that has 4,000

the incompetence of our current administration is beyond comprehension, tpp a terrible deal. mike huckabee tweeted out whenning iniating with foreign countries, the obama administration gets rolled like sushi. tpp asian trade deal is a gut in the workers with: democrats also weighing in, elizabeth warren, bernie sanders. where is this going? >> they will lose votes on the left because the left doesn't like unregulated unsupervised spontaneous free economic activity. period. at home or abroad. the right has this populist temptation, nationalist temptation in addition to not liking anything that comes with obama's fingerprints on it. they tend to go back what the republican party was in the later half of the 19th century when it dominated the country because it was a protectionist, terror phrasing crony capitalist party. and there is a temptation to go back to that. >> it's not a surprise that trump doesn't like tpp. he doesn't like nafta. he would say he would relationship that -- rip that up. how does this play in both parties? >> the president is going to get a lot of suppor

the incompetence of our current administration is beyond comprehension, tpp a terrible deal. mike huckabee tweeted out whenning iniating with foreign countries, the obama administration gets rolled like sushi. tpp asian trade deal is a gut in the workers with: democrats also weighing in, elizabeth warren, bernie sanders. where is this going? >> they will lose votes on the left because the left doesn't like unregulated unsupervised spontaneous free economic activity. period. at home or abroad. the right has this populist temptation, nationalist temptation in addition to not liking anything that comes with obama's fingerprints on it. they tend to go back what the republican party was in the later half of the 19th century when it dominated the country because it was a protectionist, terror phrasing crony capitalist party. and there is a temptation to go back to that. >> it's not a surprise that trump doesn't like tpp. he doesn't like nafta. he would say he would relationship that -- rip that up. how does this play in both parties? >> the president is going to get a lot of suppor

tpp or no tpp. thank you very much. >>> the refugee crisis high up the agenda, mr. erdogan already accused europe of what he considered double standards in the exodus across the continent. jonah hull is in serbia. >> reporter: the serbian town of presovo, overrun by refugees many of them syrians. to get here most will have costed the sea from turkey, which is why european union officials in brussels are keen to enlist the help of turkish president erdogan. they want him to improve the conditions of the refugees thought to live in turkey. what they got was turkey taking the moral high ground hinting that accelerat accelerated help. >> for more than four years turkey has been opening doors to people, fleeing war in iraq and syria. now turkey is open to all kinds of cooperation in terms of a common policy across europe. >> reporter: at the refugee processing center they give papers to some 4,000 a day putting them onto buses to croatia where they'll become someone else's problem. >> how long have you been in this queue? >> three days. >> with your family? >> yes. >> do

many countries have already expressed an interest in joining the tpp.d, after all, become the world's largest trading block. china is notably absent from the deal. it's creating its own trade block that runs separate to the u.s.-japan tpp. >> translator: it would contribute largely to our nation's security and asian pacific regional stability, and have significant strategic meaning if china joined the system in the future. >> reporter: but many analysts see this as a power play, a battle or power of the region. regardless, creating the tpp is set to redefine international trade. >> it's going to change the economic structure, not only this part of the world and the whole world, and what will happen now is the world will now be divided into economic block. every country now in order to survive must decide to join one of these economic blocks. >> reporter: it will still be a few years before these farmers feel any of the effects of the tpp, the deal has to be ratified by each country before it was put in place. with seven of the 12 countries facing electi

allie weinberg, you t discuss can tpp and is there a role in china in the tpp? sen. gardner: not soon enough. we have to get this done sooner rather than later. i want to see this done now. they recently restarted the talks and this conversation and as soon as we can get it, we start the 60 day time frame on the clock of tpp. i would like to get it started this year. i know that is way, way, way, of me, i of from colorado, we often look up to tpp has usns, but very concerned about what is happening. but that is why we need to do it, to work with the nations represented in tpp, to build a strong relationship. so eventually, perhaps, this will show what an organization can do. i think the first steps to that bilateralt, the agreement treating -- treay. --treaty. people seem to think it has some good projects -- progress but more worked needs to be done. a few more steps need to be taken now whether -- rather than before. josh: i think that corey mentioned that we are certainly getting encouraging messages, and i got a call from the and theor to finish president has bee

>> the tpp will certainly benefit all the parties. there are going to be gains across the board both in of new access opportunities in each other's countries and it's important to also remember that in this world of global supply chains, actually reducing imports and other barriers are going to also facilitate the ability of businesses to be more efficient, productive and competitive both domestically and in global markets. >> as a stopgap to china's growing influence in the region, do you see that happening? because china has substantial relationships and investments in many of the countries involved. >> so i think it's certainly the case that the administration has been talking about the tpp as the economic leg of its so-called rebalancing or pivot to asia. it's an opportunity for the u.s. to demonstrate its ongoing and continuing economic leadership in that part of the world. with regards to china, tpp is certainly going to provide an important set of new norms, rules and standards about how countries should develop the tops of reg

we take you through the big winners and losers of the tpp trade deal. advice.ll gross's and the german slowdown -- the big weight on the german economy as factory orders unexpectedly plunge. our first story this morning -- the rba does nothing. the weaker aussie dollar absorbs some of this shock from the commodity crunch. they decided to leave rates unchanged at a record low 2%. sydney.omy reporter in and it seems the obstacles to getting another rate cut is getting bigger, not smaller. the question is why? michael: yeah. a central bank that was content today, almost a facsimile of the month earlier. that theyno signal were going to doing anything. the general thinking is that the central bank would only be pushed by an offshore shock to cut further. the main reason is that the australian dollar in the third quarter dropped 9%. it dropped 20% in the past two years. the central bank was more concerned about commodity prices falling, and the dollar remaining resilient. now the dollar has dropped off, trading a bit above 70%. they are a lot calmer about it

and i am to simply say i am delighted that secretary clinton is on board positions of the tpp, to be very frank with you, it would have been more helpful to have her on board a few months ago, when the fight was 60 votes. >> clinton has, as senator sanders noted, avoided taking a stance on the agreement for months out on the campaign trail. as recently as tuesday of this week, she was still undecided. >> -- talking to people about it, giving me all the information they can gather so that i can make -- >> going through congress now, do you think you'll have a position soon on whether you support it? >> oh, yes. i will definitely have a position. >> and as many of clinton's opponents have pointing out this morning, she supported the deal as secretary of state. >> the so-called tpp will lower barriers, raise standards, and drive long-term growth across the region. it will cover 40% of the world's total trade. and establish strong protections for workers and the environment. we welcome the interest of any nation willing to meet 21st century standards as embodied in the tpp. >> clinton's

bill clinton called tpp a fabulous trade agreement. in response bernie sanders said he would let the american people decide. he's punching back. >> i will let the american people determine who has credibility or not. i am glad she reached that conclusion. this is a conclusion i reached from day one. i believe that the trans pacific partnership is nothing more than a continuation of disastrous trade policies which we have experienced for the last 30 or so years which led to the loss of millions of decent paying jobs. >> is that me, too, politics? >> absolutely. but that hillary's answer to that would be who has a real chance of becoming president and therefore renegotiating the tpp? it's not you. it's me. so thank you for guiding me on it. she can thank him for his research. >> she can say -- >> like weekends with bernie. >> she should not be and will not be antagonistic. she is not going to take the bait. she is going to say we agree. it's just i can get it done. >> the new young left. >> she is not going to get early >> she had to com

but maybe we can put it in the context of in the tpp there was the tabco carve-out. talk about precedent setting. tobacco's carved out. what does that say about the precedents being set for other industries getting similar discriminatory treatment? anybody. >> i'm so glad there's at least one other person up here who actually thinks isds is not it the most demonic elements of these negotiations. look, let's be very clear on the fact that what we're talking about here is again what i would describe as a relatively emotionally driven debate about what is a pretty fundamental ly basic construct of international law and precedent that's been in existence for 50 years. it isn't the case that a company can sue a government if their employees are tortured. there are very strict and narrow definitions on when isds -- when an investor can in fact pursue the route of isds. it is a very limited number of circumstances in which contractual obligations have been violated or there's a perception of violation. it's interesting to me that in this whole conversation so far, the one t

japanese government officials will announce details of the tpp free trade deal tuesday. the aim is to ease people's concerns and criticism about the broad agreement reached earlier this month. japanese negotiators agreed to a tarri tariff removal rate of 95%. on vegetables will be eliminated immediately after the pact takes effect. they managed to keep the tariff on five key categories such as rice and wheat. rice will have a combined quota of 78,000 tons for the u.s. and australia. japan will maintain the existing tariff of nearly $3 per kilogram on rice. for beef and pork, japan won a concession to raise the tariffs if imports surged for a certain period of time. officials plan to stress that other tpp member countries have agreed to a tariff elimination rate of more than 99%. they'll point out that they convinced other countries to remove tariffs right away on japan's industrial products. japan plans to submit a draft budget at the start of the regular diet session in january so officials can implement key policies. the extra budget is to support child-rearing familie

the tpp. the debate has been going on in europe. i think the europeans are a bit frustrated that the american negotiators and the american public have been a little bit sidetracked or focused on other issues. but i think people are ready for this. it's -- ready to start talking about this. there are actually 345 people registered to attend this conference. i guess some of them have slept in, but they will be here at some point during the day, i hope. also as evidence of the importance of this issue, c-span is here, and c-span is going to be broadcasting it live today and recording. so if any of you plan to leave early i just want you to know in advance that your boss and your colleagues will know. they will see it. they will find out. please stick with us. so now the tpp is done and the debate that is about to happen, we wanted to sort of lay on the table, what are the issues? there are a lot. this is complex. we want to talk about some of the traditional trade negotiating issues that have bee

inspired by the so called asian tigers leaders of columbia, meks ka, peru and chile predict the tpp willn their countries into the south american pumas and critics could not disagree more and saying farmers and manufacturers from these countries will be left at the mercy of the more industrialized companies. the four latin american nations who signed up are the biggest market in the region but some worry this new free trade agreement goes too far. regulating everything from health services to labor laws even internet access and government investment. in the rest of the region it is seen as a kiss of death to the dream of establishing a latin american common market, a project pushed by brazil, argentina and venezuela. >> translator: they have not gotten very far so when a better opportunity presents itself chile and peru are not waiting for others because they have global and regular ambitions and trade. >> reporter: whether the tpp will help diversify trade and improve the lives of people here could depend very much on the fine print of an unprecedented agreement whose details still rema

let's start with tpp. you have been against every single trade agreement. >> yes. >> i had a democrat say to me yesterday if you can't be for this trade athen there's no trade agreement you can support. what do you say to that? >> absolutely wrong. this is a senior democrat told you that? >> yes, sir. >> that's why the republicans control the house and the senate. because what working people understand that after nafta, capita, pntr with china, we have lost millions of decent paying jobs, since 200160,000 factories in america have been shut down, we're in a race to the bottom where our wages are going down. is all of that atributable to trade? no. is a lot of it, yes. yes. >> trade agreement was written by corporate america and the pharmaceutical industry and wall street. that's what this is about. i do not want american workers to compete against people in vietnam who make 56 cents an hour for a "60 minutes" imum wage. >> so there's never been a trade agreement this country has negotiated with you've been

himself, gop frontrunner, whether ford likes it or not, came out and said tpp is bad deal. not that people are against free trade. but we want the trade to be fair. >> richard like the rest of the base -- >> they believe in sla . >> richard, this is a straight campaign play, and basically the progressives in the unions are against free trade. >> whoa, whoa, whoa, whoa, whoa, whoa, whoa! >> on the campaign trail you would not be forward. explain why the tpp is bad for people. >> i just did. >> i could give you five reasons, are you going to let me? can i talk? >> yeah, go ahead. >> it depreciates wages, outsources america's jobs, number three, it destroys our environment because these countries don't have the same environmental standards in united states. number four, it shuts down american manufacturing when we got back on our feet, when we started to turn the corner, the tpp would take the jobs and send them abroad. number five, we saw the impact nafta had on michigan, on ohio. deirdre: last stop here in the sense of i do think that obviously this is a very union friendly,