The Transatlantic Trade And Investment Partnership

In 1994, the North American Free Trade Agreement (NAFTA) was enacted between two industrial countries and a yet still developing nation. This was an agreement that was the first of its kind due to the relationship that the countries had and the investment opportunities that it presented. The United States, Canada, and developing Mexico decided to work towards eliminating most tariffs and non-tariff barriers between the three in order to increase the flow of trade in goods and services. Since its enactment NAFTA has led to the providing of over 40 million more jobs throughout the countries, and it has also tripled merchandise trade between the three participants to an astounding $946 billion USD in 2008 (NAFTA Now). However even then it is still not very clear whether enacting NAFTA was worth the time and effort and in fact the United States may have been better off not having joined NAFTA.

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.

These export trade agreements, in the next two decades, will create thousands of available jobs, and also boost the GDP by approximately $25 billion, which benefits consumers, households and economic growth. There are several strategies under the new trade agreement that targets partnership and bring benefits:

The Free Trade Agreement (FTA) as well as the North American Free Trade Agreement (NAFTA) were failures. The North American Free Trade Agreement was one of the most controversial documents of the 20th century, beginning January 1st 1988.1 The reason it was so controversial was because it was loved in some ways yet hated in others. One of the reasons why the FTA and NAFTA were failures is due to the fact that Prime Minister Brian Mulroney lost a lot of votes caused by the amount of voters that disapproved of the FTA and NAFTA. Another reason the FTA and NAFTA were failures is because the agreement did not improve the amount of full time jobs in Canada, which was one of the reasons that the FTA and NAFTA was created in the first place. The final reason the deal failed was because the deal was supposed to improve productivity around Canada but really did nothing. The FTA and NAFTA were failures because it only helped a small handful of Canadians and hindered many more.

Over the past few decades, spillover crime from Mexico to the United States of America has been an ongoing debate with regards to the North American Free Trade Agreement. Border port of entries such as California-Baja California, New Mexico-Chihuahua, Arizona-Sonora, and Texas-Chihuahua, Coahuila, Nuevo Leon, and Tamaulipas have become the forefront of political controversy here in America as a result of the North American Free Trade Agreement (NAFTA). Despite some advantages of the North American Free Trade Agreement, there have also been detrimental issues stemming from the loose barriers of free trade. Since the time NAFTA was implemented, there has been a significant increase in organized crime, to include drug trafficking and counterfeit commodities across U.S.-Mexico Borders through vehicle transportation. The validity of such criminal activity are drivers that directly impact the United States, and although they vary, they have a significant impact on those who live in a border city. Everyday life is influenced by spillover crime with regards to the importing of drugs and other illegal contraband that generally affects costs here in the US. Although some might argue that NAFTA has had all positive outcomes, organized crime has thrived since enforced.

Canada has benefited directly from NAFTA as every one in five jobs are in linked to international trade. (GlobeRover) With the savings from tax and tariff extermination between the three NAFTA regions, Canada is able to spend money on hiring more workers - with more workers, Canada receives more income and with more income, Canada receives more profit which in turn leads to a better and stronger economy. Canada has added 4.7 million new jobs since 1993. (Mohammed Aly Sergie) and

prices were also lowered for consumers making a lot of people ten times happier. Lowered prices which include lower tariffs also reduced import prices. this also lessened the risk of inflation and allowed the federal reserve to keep the interest rates low. There is an increased economic growth of 0.5 percent a year. five million Jobs were created in the United States, most went to 17 states but all of the states saw some increases. an increase in foreign direct investment in Canada and Mexico has tripled reaching four hundred and fifty-two billion by 2012. Also shockingly there has been reduced gov't spending member countries had a bid on all gov't contracts which created a level playing field for all companies in the agreement borders. There are pros and there are cons between whether or not NAFTA is really worth being in our lives or not. It has hurt us tremendously on a great deal of stuff along with helping us in a great way as well. It’s hard to really go for it but at the same time it seems easy to say we should go without it. I believe in the idea of having the government helping us and other things that could help us out at the same

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.

The North American Free Trade Agreement(NAFTA) has tremendously helped Canada and its economic well- being. On the beginning of the year of 1994, an agreement on the basis of trading between Canada, the United States of America, and Mexico was made. This agreement was based on the motive of free trade, such that of paying significantly less in import and export taxes between the three nations. NAFTA has aided North America extensively, that being said helping Canada’s economy is no exception to it’s role. NAFTA has greatly helped Canada by growing the economy, creating more jobs, to improving prices and selection in consumer goods. In conclusion, NAFTA has been a big asset to Canada’s economic growth.

The North American Free Trade Agreement, known as NAFTA, is a trilateral trade agreement between Canada, the United States, and Mexico. Signed January 1, 1994, NAFTA’s main purpose was to reduce trading costs, increase business investments, and help the United States be more competitive in the global marketplace. The agreement would eliminate all tariffs on half of all U.S. goods shipping to Mexico and introduce new regulations to encourage cross-border investments. According to President Bush, trade deals give birth to jobs, more jobs mean higher incomes for the American people, which in turn means a boom for the American economy.

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.

Benefits such as new U.S. jobs, higher wages in Mexico, a growing U.S. trade surplus

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.

Introduction: Many nations are opting for treaties that will facilitate trade for their investing partners. Consequently, it is not unusual to see agreements enacted to protect foreign investors through an independent international law system and arbitration to free these investors from local judicial pressure. But the recent Transatlantic Trade and Investment Partnership (TTIP) to facilitate trade between the EU and the U.S. along with its ISDS inclusion is the kind of trade everyone is questioning and has raised concerns. Despite that, negotiations are still undergoing to include ISDS provisions in TTIP. Is this, the type of agreement that will lead to a prosperous trade agreement? Establishing a parallel alternative method of dispute resolution system or ISDS, allowing private investors that are much representative of large corporations to bypass our local laws through private tribunals is a threat to our society, our public system, our democracy, therefore a threat to the establishment of our public policies. It is time to stop this manipulative agreement. In the next paragraphs, I will give my views as to why ISDS negotiations should be suspended by all means and why it is an impediment to the foundation of our constitutional rights as well as the mandated judicial system in place to promote the well-being of our society.

Despite the high level of openness concerning trade, Appendix 1 and 2 show that trade partnership between EU and US have been worsening compared to other area of the World. This is because connections among trade and all other economic relations is higher and difficult to estimate; indeed 46% of TTIP stakeholders declared concerns about unnecessary regulatory barriers, 45% by tariffs, 38% by customs procedures and 20% by barriers to investment as obstacle to trade. (Commission Staff working document, 2013).