The Trans Pacific Partnership ( Tpp )

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.

Two of the well-known theories are absolute advantage and comparative advantage theory. Absolute advantage trade theory is when the producer is able to input a small amount to produce a good or service. It is also recognized to attain better through the acts of low-cost production. By this I mean, an example of absolute advantage is when a small country like China manufacture or produce a good and participate in the ability to have low labor cost on that item. Meanwhile, comparative advantage is the action of a country being able to produce or manufacture a good/service at a lower cost than another country. When having the theory of comparative advantage country that produces an item has an advantage over the company that has a desire for that specific item. Their ability to produce the item locally gives them a cheaper source of the ingredient causing them to offer their product cheaper than other companies. The Trans-Pacific Pacific Partnership is an agreement that has threatened to extend restrictive intellectual property laws across the world and rewrite international rules on its enforcement. Countries involved in the TPP are Australia, Peru, Japan, Canada, Vietnam, Brunei, Chile, New Zealand, Singapore, Malaysia, and Mexico. Basically, all the countries along the Pacific Ocean signed the agreement on February 4, 2016. The trade agreement is said to makes trading easier, adds intellectual property protection, and raises labor environmental standards in all countries involved, but there is no set person to write the rules and regulations to the agreement along with no one to make sure they are enforced. If the U.S doesn’t ratify the agreement, China can step in and continue to dominate and control the market. I believe if done right TPP can bring world domination for all countries to work together in creating one huge market to live by. Regional trading groups are

America’s diminishing faith in free trade has been a controversial topic in the 2016 presidential election. As the former Secretary of State to a presidential candidate, Hillary Clinton has changed her attitude in regards to the Trans-Pacific Partnership because these different positions have allowed her to view different perspectives in international relations. When she was Secretary of State promoting the TPP was her duty but as a presidential candidate she spoke against it, claiming it is “for more new good jobs for Americans, for raising wages for Americans.” In an interview with PBS Clinton argued that the TPP “kills American Jobs” because there is no safety net support that American workers need in order “to be able to compete and win the global economy”. Meanwhile as seen in Donald Trump’s campaign website, the Trans-Pacific Partnership undermines our economy and it will also threaten American independence. Trump told Breitbart News that “he would negotiate trade deals with individual countries, rather than a giant multinational deals like TPP” yet he tells Fox News that he is all for free trade “but it’s got to be fair” and wishes to go back to the days when America used to produce their own items.

Trans-Pacific partnership opens a new free market field with minimal trade restrictions. Members are expected to conduct trade within the jurisdictions of the member states with much

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

Government protectionism plays a specific role in trade, especially in the beef and pork industry, before the Trans-Pacific Partnership. Protectionism is a self-protecting mechanism used by many countries to protect their own economies from competing international businesses. The Trans-Pacific Partnership will unite twelve countries, and allow access into large markets such as Japan with lots of opportunity. Consumers are affected daily by protectionism. At the grocery store, consumers are faced with the task of choosing nearly identical products with the sole differentiating factor being the price. Protected products see a major price difference favoured towards consumers. Protectionism, such as tariffs or subsidies, is critical for Canadian companies as it gives them an upper hand against rival international competitors.

The North American Free Trade Agreement (NAFTA) is an agreement between each of the three North American countries (Canada, Mexico, and The United States of America) concerning intracontinental trade. NAFTA has broken down trade barriers and regulations like tariffs in favor of a neo-liberal form of trade organization. This neo-liberalism promotes a self-governing free market and mass privatization of distribution of goods. This decreases government involvement in the economy and leaves the economy to the market and the private industries involved. Neo-liberalism promotes an incentive for high Gross Domestic Product (GDP) and mass transfer of goods between people and organizations. However, new technologies and NAFTA’s new expectations of high

For instance, negotiators are working to set up rules on intellectual property rights, government procurement and the role of the state in private enterprise.” (LA times) The agreement spans more than 10 countries including the United States, Australia, Brunei, Chile, Malaysia, New Zealand, Canada, Peru, Singapore, Vietnam, Japan, Korea, and of course Mexico. The combined value of these countries represents almost 25 percent of the world’s trade and 45 percent of the world’s GDP (DePilis). Mexico has a lot to benefit by joining such a large free-trade pact and it isn‘t just the economic gains a US$180 billion TPP market.”(east asia). The benefits will not only be in monetary value but also in exposure to new markets all around the globe, which lead to benefits in many different areas “It will allow them be present in the Asia-Pacific region with preferential access to a market representing a potential market of 198 million consumers, without including NAFTA countries. It is an agreement that not only opens markets for them, but also will create long-term synergies and additional benefits such as taking advantage of the economic cycles of Australia, Singapore, Malaysia and Vietnam which are in turn related with the economies of China and India. There are studies that predict that the economic benefits of this integration could be reflected by

Labor and environment provisions address concerns over the protection of worker rights and the environment that may be affected by U.S. FTAs. TPP and more recent U.S. FTAs include these provisions within the body of the agreement subject to the same dispute settlement procedures as other aspects of the agreement. TPP requires parties to affirm obligations, and adopt and enforce laws consistent with relevant international labor principles and certain environmental agreements. Importantly, countries shall not fail to enforce labor and environmental laws in a manner affecting trade and investment. Affirms International Labor Organization (ILO) core labor principles to adopt and maintain laws consistent with internationally recognized labor standards,

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 (TPP) and Michael Froman (United States Trade Representative) need to decide whether it is necessary to reduce tariffs to benefit Americans and the economy or keep the tariffs in order to keep certain manufacturing jobs in the United States.

After five years of negotiations, the United States and 11 other countries signed the Trans Pacific partnership. The tpp is a deal that is to promote trade through out nations and will remove tariffs, promote competition and create more opportunities for businesses. President Barack Obama argued that tpp will create new jobs by opening up foreign markets for exporting goods and set minimum standards for working conditions in the 11 other nations, leveling the playing field in the global market. The tpp is a bad trade deal as it will cost the United states thousands of jobs and hurt the economy.

The Trans-Pacific Strategic Economic Partnership Agreement, also named P4 or TPP, is a trade agreement between Chile, Brunei, New Zealand and Singapore signed in 2005 and has been in force since 2006. It was designed to liberalize trade between the economies of the Asia-Pacific region. However, since 2010 negotiations have taken place to expand the original trade union to incorporate eight other countries including Mexico, USA, Canada and Australia. Chile’s economy has benefit from trading with countries in the TPP. In 2012, almost $16 billion of Chile’s overall $79 billion worth exports went to TPP countries. At the same time, Chile imported $25 billion in return. Since 2003, Chile’s trade with TPP nations has grown by 16% each year.

Brewing since 2006, a revolutionary free trade agreement has been held under discussion by twelve of the Pacific Rim countries, including the United States, Chile, and Australia (Friel, Sharon, Gleeson, Thow, Labonte, Stuckler, Kay, and Snowdon 1). This agreement is known as the Trans-Pacific Partnership (TPP), and while it shows potential to be a decisive economic deal, there exist outstanding issues. Of these issues are unjust intellectual rights laws, hindrance of the advancement of affordable medicine, and possible harm with U.S.-China relations. Until issues like these are solved this partnership poses to be a burden and should not be approved.

Oranges grown in California, bottles of soy sauce made in Japan, a piece of Cheddar cheese produced in England and Ghee from India… I am in a supermarket, yet, it is hard to guess what country I am in. Globalization in food industries triggered proliferation of imported foods on a worldwide level, particularly in Japan. In 1965, Japan maintained over 70 percent of food self-sufficiency; however, in recent years, it has declined by over 30 percent. At present, 60 percent of Japan’s food supply depends on imported foods ("Improvement for food self-sufficiency"). In 2013, the Abe administration proclaimed the country’s entrance into the Trans Pacific Partnership (TPP) negotiations, a worldwide trade agreement with the cardinal objective of the elimination of tariffs on imported products. This free trade agreement involves twelve countries: Australia, Brunei Darussalam, Chile, Japan, Malaysia, Peru, Singapore, the United States, Viet Nam, Mexico, Canada and New Zealand ("Trans-Pacific Partnership (TPP) Negotiations"). The primary motivation behind TPP is to promote economic growth, and the Japanese government expects that Japan could gain 3 trillion Japanese dollars from TPP. However, due to the Influx of imported products, the government calculated that gross farm output would decrease 3 trillion Japanese dollars (Cabinet Secretariat). As a consequence, Japanese agricultural workers are apprehensive that TPP might consolidate the domination of imported food and jeopardize