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Obama says TPP will 'raise the bar' on currency manipulation concerns

Published 2015-10-06, 04:11 p/m
© Reuters. Obama says TPP will 'raise the bar' on currency manipulation concerns

WASHINGTON, Oct 6 (Reuters) - President Barack Obama said on
Tuesday that the Trans-Pacific Partnership (TPP) trade deal will
"raise the bar" on concerns about currency manipulation with a
set of principles to measure the problem.
"Now it is not an enforceable provision in the same way that
for example, violations of labor standards or environmental
standards will be," Obama said in an interview with the
U.S.-based radio program, Marketplace.
"Keep in mind that when it comes to setting up these trade
rules internationally, our goal is constantly to raise the bar,
and you're never going to get 100 percent of what you want right
away," Obama said in the interview.

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