Discuss Pros and Cons for Joining the Trans-Pacific Partnership

The Trans-Pacific Partnership aims to establish a tariff free economic cooperation zones between twelve countries around the Pacific Ocean. These countries are the United States, Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam, thus creating the largest trade zone in the world (Jackson, 2015). The

The Trans-Pacific Partnership (TPP) is a grand, 21st century regional free-trade treaty which was commenced on 2003. It initiated as a trade contract involving Singapore, New Zealand and Chile. Presently, the TPP consists of 12 countries as their members that includes US, Malaysia, Mexico, Canada, Japan, Brunei, China, Korea, Australia, Peru and Vietnam. Other countries like Bangladesh, Philippines, Indonesia, India etc. have also revealed their concern in merging with the TPP trade agreement. In 2011 the Trans-Pacific Partnership countries declared that the TPP is expected to “develop trade and investment accompanied by the TPP partner countries, to uphold innovation, economic expansion and advancement, and to support the formation and preservation of jobs. TPP will undo prospects for American employees, families, businesses, farmers, and ranchers by offering increased permission to some of the greatest growing markets in the world.

The North American Free Trade Agreement between Canada, the United States, and Mexico continues to be greatly beneficial to Canada and its citizens after twenty-two years since the agreement came into effect in 1994. NAFTA has remained as one of Canada’s greatest assets, increasing trading traffic of goods and services. The free trade agreement benefits Canada because it creates more employment, provides Canadians with more selection in goods, and increases economic growth. The North American Free Trade Agreement brings Canada great leverage and will, in all likelihood, continue to benefit us in the future.

The greatest achievement that I have been able to accomplish in terms of securing the material national interest of the United States has been the agreement of the Trans-Pacific Partnership. This trade agreement amongst twelve member states (United States, Canada, Chile, Peru, Zealand, Australia, Brunei, Singapore, Vietnam, Malaysia, and Japan) was adopted to strengthen the economic ties for a more interconnected global economy. For the average working American it shows great promise to increase their income and for the nation as a whole. It also possesses the potential to allow for the growth of the nation’s GDP and annual exports, thereby increasing the living standard.

Apart from the free trade alliances with the U.S, Canada is also seen to possess agreements such as TPP (Trans-Pacific Partnership) and CETA (Canada-EU Comprehensive Economic and Trade Agreement). These trade agreements have facilitated creating strategic alliances with a number of nations such as Japan, Malaysia, Vietnam and Australia. Additionally strategic alliances have also been facilitated with many European nations19. Apart from reduction in tariff rates, trade of services, intellectual property and investments have become much more regulated and transparent. Expansion into Canada would therefore enable the companies to take advantage of such free trade agreements and develop alliances globally20. Since such trade alliances have strengthened the economy, infrastructural development in the nation has been quite rapid. Ease in business operations has therefore been facilitated. Additionally, access of new foreign markets have also become easy12.

A partnership between Mexico, Canada, and the United States, the North American Free Trade Agreement (NAFTA) created the largest free trade area in the world ("North American Free Trade Agreement (NAFTA),” n.d.). Signed in 1992 by George H.W. Bush, the treaty was preceded by the Canada-US Free Trade Agreement signed in 1989 (Tuesday, 2008). The document received bipartisan support in both the House and Senate with Republicans providing the majority of votes in each (Kessler, 2016).

The North American Free Trade Agreement, or N.A.F.T.A, was established to improve the economy of the United States, Mexico, and Canada. It has been close to twenty-three years since the treaty was officially signed; time has given us insight into the effects that this agreement has produced.

The North American Free Trade Agreement, otherwise known as NAFTA, was placed into force on the first day of January in the year of 1994(Gov't of CA/US/MX). The agreement without doubt connected more businesses and economic growth into the following countries that have access to the agreement, including Canada, United States and Mexico (Canada International Global Affairs). From the following research conducted by multiple certified Canadian sources, they have proved that Canada’s prosperity has grown and created diverse and deeper commitments with the rest of North America (Canada International Global Affairs). Over the past few decades that NAFTA has been introduced in, they have had an excellent and positive effect on the Canadian economy.

The Transatlantic Trade and Investment Partnership (TTIP) was introduce as vehicle spark growth between the United State and the European Union. The US and EU represent the most developed, modern and committed to the highest consumer protection in the world. It is the T-TIP goal to capitalize on the relationship by providing economic growth and more jobs to US and EU to 13 million jobs already supported by transatlantic trade and investment. It is the T-TIP goal and desire to cut the edge and tariff agreements to allow for greater compatibility and transparency, in trade and investment regulations, while maintaining high level of health, safety and environmental protection.

of markets, including the auto industry, and in the spotlight, the dairy and beef markets.

Canada has now concluded free trade agreements with more than half of the world’s economy, with a combined GDP of $41 trillion, giving a major boost to Canadian producers and manufacturers looking to compete globally.

A draft of a top-secret piece of interstate agreement on the Trans- Pacific Partnership leaked online causing a hot status to its discussion. Trans -Pacific Partnership (TPP) - is the largest supra-trade and economic organization, the creation of which is scheduled for completion by the end of 2013. In an agreement on the TPP participating countries, generating more than 40% of global GDP: the U.S., Australia, Canada, Mexico, Japan, Singapore, New Zealand, Malaysia, Brunei, Chile, Vietnam and Peru. China and Russia are not included to this list.

The Trans-Pacific Partnership started over a decade ago in negotiations. These political meetings have been happening for years between pacific countries such as The United States, Japan, Canada and Australia. There are twelve countries as of now working towards an agreement. The United States, Canada and Mexico are now part of the Trans-Pacific Partnership. The TPP is an agreement that would essentially serve as the new NAFTA. (The North American Free Trade Agreement) The new agreement would open the agreement to other countries around the world and create much more globalization than we experience today. Canada has recently decided to join the agreement after much opposition. Canada mainly exports to the United States. This

The increasing trade with China will definitely influence the benefit of other trade partners of Canada. The more Canada import from China, the less benefits other countries gain. The U.S. goods trade deficit with Canada was $ 15 billion in 2015, a 57.1% decrease ($ 20 billion) over 2014. The total value of export trade is less than the total value of imports, which means to spend more foreign exchange for imports, and cause the reduce of foreign exchange reserves. Another reason is that as the power of China is rising, the other signatories to TPP will be worried that whether Canada will ignore the other side of China's rise, like its expansionist claims on maritime

As mentioned earlier, the TPP is a major potential free trade agreement between twelve of the Pacific Rim countries. The countries are Australia, Canada, Japan, Malaysia, Mexico, Peru, The United States, Vietnam, Brunei, Chile, New Zealand, and Singapore (Freil, Sharon, Gleeson, Thow, Labonte, Stuckler, Kay, and Snowdon 1). Interestingly enough, this agreement is the technical successor to the P4 agreement that was initialised in 2006 (Elms 29). This agreement was held between Chile, Brunei, New Zealand, and Singapore. In 2008 the U.S. showed large interest in joining this agreement giving spark to a new agreement that has enticed other Pacific Rim countries (Elms 29). Taking charge of this new agreement the U.S. has laid down most of the TPP 's foundation to create an agreement that should allow for a