Obamatrade's Preamble Backs Government Ownership of Business

The preamble to the Trans-Pacific Partnership (TPP) deal that the Obama administration has negotiated with eleven other governments—including what the U.S. State Department describes as a Communist regime in Vietnam—expressly affirms the “legitimate role” of “state-owned enterprises.”

According to the Congressional Research Service, 40 percent of Vietnam’s output comes from state-owned enterprises (SOEs).  Read more