Biden: 'less than even chance' of TPP pass

US Vice President Joe Biden says it's going to be hard for the TPP trade pact to pass Congress.

US Vice President Joe Biden says he sees a "less than even chance" that the US Congress will approve the 12-country Trans-Pacific Partnership trade pact before the next administration takes office in January.

Biden, speaking to the Council on Foreign Relations in New York, said that the brief "lame duck" session of Congress after the November 8 presidential election was "our only real shot" for approving TPP.

The sweeping trade deal has been a central plank in President Barack Obama's foreign policy shift to counter the rising economic and military might of China, and has been broadly supported by US business interests.

But the TPP is opposed by both the Republican and Democratic presidential candidates, who have blamed trade deals for US job losses.

Senate Majority Leader Mitch McConnell, a Republican, has said the TPP would not get a Senate vote this year, and House of Representatives Speaker Paul Ryan has said he does not see enough votes for it to pass.

"Sometimes when there's no election to face and people are leaving and others who are staying, they may see the wisdom of TPP," said Biden, who was a long-time Democratic senator, calling the post-election session "our only real shot" at passing the deal.

"But it's going to be hard. I think it's less than an even chance, but there is a genuine chance. It's possible we can get it passed," Biden said.


Share

2 min read

Published

Source: AAP



Share this with family and friends


Get SBS News daily and direct to your Inbox

Sign up now for the latest news from Australia and around the world direct to your inbox.

By subscribing, you agree to SBS’s terms of service and privacy policy including receiving email updates from SBS.

Download our apps
SBS News
SBS Audio
SBS On Demand

Listen to our podcasts
An overview of the day's top stories from SBS News
Interviews and feature reports from SBS News
Your daily ten minute finance and business news wrap with SBS Finance Editor Ricardo Gonçalves.
A daily five minute news wrap for English learners and people with disability
Get the latest with our News podcasts on your favourite podcast apps.

Watch on SBS
SBS World News

SBS World News

Take a global view with Australia's most comprehensive world news service
Watch the latest news videos from Australia and across the world
Biden: 'less than even chance' of TPP pass | SBS News