Read The Times Australia

Daily Bulletin

Turnbull tells US legislators: look at 'big picture' benefits of Trans-Pacific Partnership

  • Written by: The Conversation Contributor
image

Malcolm Turnbull has directly lobbied US legislators to pass the Trans-Pacific Partnership (TPP) agreement, which he describes as “a very critical part of America’s continued presence in the Asia-Pacific”.

Turnbull stressed the TPP’s importance in his talks on Capitol Hill, especially with Senate Majority Leader Mitch McConnell, as well as in an address to the US Chamber of Commerce.

Emphasising the TPP was more than just a trade deal, Turnbull told his business audience: “It is a very important element in the maintenance of the United States as the credible, strong, consistent enduring guarantor of the rules-based international order. It sets a very high bar. It encourages countries to reform”.

US President Barack Obama is pressing hard for congressional passage, in the face of strong political resistance. If the 12-nation agreement, struck late last year, cannot be passed before the November presidential election, it is hoped it could get through before Obama leaves office next January.

Speaking ahead of his congressional meetings Turnbull said he would urge legislators “not to lose sight of the wood for the trees, not to get lost in this detail or that detail … because the big picture is the rules-based international order, which America has underwritten for generations, which has underwritten the prosperity and the economic growth from which we have all benefitted”.

The TPP’s passage was canvassed in Turnbull’s Oval Office meeting with Obama, in which the battle against Islamic State (IS) was the main focus. Turnbull briefed Obama on his visits to Iraq and Afghanistan. Improving the use of cyberspace to counter IS was discussed, a theme that Turnbull has emphasised in his two-day visit to Washington, as well as other challenges posed by the cyberworld.

Obama referred to last week’s terrorist attack in Jakarta, saying it was “a reminder that Southeast Asia has generally done a very effective job fighting against extremism, but it is an area that we have to pay attention to and watch”.

In his Chamber of Commerce speech Turnbull singled out Indonesia as an example of how the TPP could be used leverage reform.

He said President Joko Widodo – “a charismatic, reforming president” – was obviously seeking to deal with vested interests. “The TPP offers a powerful argument in his armoury to argue for reform because he can say … ‘Look the Vietnamese have entered into the TPP, they’re going to get all of these advantages, if we don’t get onboard we’ll be left behind.’”

Economic analysts who said the TPP would add only a very small percentage to a given country’s GDP often missed the things that were hard to measure, Turnbull said.

“What is significant is the stability, the prosperity, the growth … in our region, which is unprecedented in human history, could not have occurred without the strong position, the strong presence of the United States.”

He also dismissed fears about opening markets a little more as “an extraordinary counsel of despair”.

The US had created globalisation, and Americans should be confident that as markets were opened their business people, scientists and engineers would be able to compete with the best and outpace most of them.

“The reality is that the TPP offers opportunity to the United States. There is very little at risk from freedom for such a strong innovative economy as this.” And there was much to gain in the region because the more connected and transparent the economies became and the stronger the rule of law in each country, the greater the cost of anyone seeking to disrupt them, he said.

Turnbull has announced a strengthening of ties between Australia and the US on cyber security, with an annual Australia-US Cyber Security Dialogue. This dialogue, jointly convened by the Australian Strategic Policy Institute and the US Centre for Strategic and International Studies, will have representatives from business, academic and government sectors discussing common cyber threats, promoting cyber security innovation and shaping new business opportunities.

In a statement, Turnbull said: “We will continue to work closely together to ensure the internet remains open, free and secure by promoting peacetime ‘norms’ for cyberspace.

“But we also must be ready to respond to cyber incidents when and if they occur. This means we need to better understand how Australia and the US would co-operate in the event of a significant cyber incident affecting both nations. To achieve this, we agreed to improve our response efforts.”

The two countries will also enhance co-operation to deal with cybercrime.

Authors: The Conversation Contributor

Read more http://theconversation.com/turnbull-tells-us-legislators-look-at-big-picture-benefits-of-trans-pacific-partnership-53438

Business News

How to Rent a Car for Uber in Melbourne: What Every New Driver Needs to Know

Starting out as an Uber driver in Melbourne is not as complicated as it sounds but getting the vehicle right is where most new drivers get stuck. Uber has strict requirements around vehicle age, condi...

Daily Bulletin - avatar Daily Bulletin

When Should You Speak to a Lawyer About a Legal Issue?

Legal issues can begin with a simple question, then become harder to manage once formal steps are involved. Many people wait until a matter feels urgent before seeking guidance, even though earlier ...

Daily Bulletin - avatar Daily Bulletin

The strategic rise of Bali as Australia’s next essential healthcare support hub

As Australian healthcare providers grapple with unprecedented operational bottlenecks, a new nearshore model is quietly transforming patient care delivery. Forward-thinking organisations,  including...

Daily Bulletin - avatar Daily Bulletin

Cost Savings and Benefits of Using Used Pallets in Logistics

In today’s competitive logistics and supply chain industry, businesses are constantly looking for ways to reduce operational costs without compromising efficiency and reliability. One of the most prac...

Daily Bulletin - avatar Daily Bulletin

How Fulfilment Services in Australia Help Businesses Scale Efficiently

The growth of e-commerce and modern retail has transformed customer expectations. Consumers now expect fast shipping, accurate order processing, and seamless delivery experiences regardless of where...

Daily Bulletin - avatar Daily Bulletin

Practical Ways Australian Workplaces Can Reduce Operating Costs

Reducing business costs doesn’t always mean cutting staff, shrinking services or making the workplace feel bare-bones. In many cases, the smarter savings are hiding in everyday operations: the light...

Daily Bulletin - avatar Daily Bulletin

Executive Recruitment Solutions That Help Organisations Secure Exceptional Leaders

Leadership has a direct impact on organisational performance, employee engagement, strategic growth, and long-term success. Businesses operating in increasingly competitive environments require experi...

Daily Bulletin - avatar Daily Bulletin

Why A WooCommerce Website Designer Matters For Online Growth

Running an online store today requires more than simply listing products and waiting for customers to arrive. Businesses need a website that is fast, reliable, easy to navigate, and designed to suppor...

Daily Bulletin - avatar Daily Bulletin

Turning Your Empty Tables into Revenue

The rise of AI demand tools in hospitality, the EatClub–CommBank partnership, and seven trends reshaping Australian dining  A growing number of Australian venues are turning to AI-powered demand mana...

Daily Bulletin - avatar Daily Bulletin

The Daily Magazine

DIY Rodent Control Vs Professional Help: When Is It Time To Call The Experts?

Rodents are one of the most frustrating pest problems for Australian property owners. Rats and mic...

Lighting Shop in Perth: How The Right Lighting Can Transform Your Home And Business

The right lighting can completely change the look, feel, and functionality of any space. Whether it ...

Traffic Light System Solutions For Safer And More Efficient Traffic Management

Modern cities and growing communities rely heavily on effective traffic management to ensure safety...

Gold Migration Lawyers in Liquidation: How the Closure Affects Your ART Appeal

If your appeal was with Gold Migration Lawyers, a recent change to how the Tribunal decides cases ...

The pressure cooker: life in urban Australia in 2026

Australian cities have always been demanding. Long commutes, rising housing costs, busy schedules a...

What Actually Makes a Good Criminal Lawyer in Melbourne

Most people only think about this question once. That is usually too late. Most people charged wi...

Why Working With A Chatswood Tutor Can Improve Academic Performance

Academic expectations continue increasing for students across primary school, high school, and senio...

Is It Worth Getting Solar Panels in Melbourne?

The real question is not whether solar works in Melbourne. It works. The question is what it is co...

How A Diploma Of Project Management Builds Practical Skills For Modern Work Environments

Developing the ability to plan, execute, and deliver outcomes efficiently is a key requirement in to...