Preview

Advantages and disadvantages of TPP

Powerful Essays
Open Document
Open Document
2315 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Advantages and disadvantages of TPP
LIST OF CONTENTS:
 What is TPP
 The development of TPP
 Members of TPP
 Potential members
 Advantages of the TPP
 Disadvantages of the TPP
 Controversies around the TPP
 Effects of TPP on Viet Nam economy

WHAT IS TPP?
The Trans-Pacific Strategic Economic Partnership Agreement is multi-national trade agreement among Brunei, Chile, New Zealand, and Singapore. It seeks to manage trade, promote growth, and regionally integrate the economies of the Asia-Pacific region.
Before the US joined the TPP in 2011, the Trans-Pacific Strategic Economic Partnership Agreement was called the TPP and not "TPSEP" or "P4." As early as 2010, before the US formally joined the TPP, the Public Citizen website describes the "P4" as the "TPPA." From Public Citizen website, as accessed December 2, 2010:"The Obama Administration has begun talks with Asian and Latin American nations to enter into the Trans-Pacific Strategic and Economic Partnership Agreement (TPPA). The talks with Australia, Brunei, Chile, New Zealand, Peru, Singapore and Vietnam were originally initiated by the Bush Administration."
Since 2010, negotiations have occurred for the Trans-Pacific Partnership (TPP), a proposal for a significantly expanded version of TPSEP. The TPP is a proposed trade agreement under negotiation by (as of 8/2013) Australia, Brunei, Chile, Canada,Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the United States, and Vietnam.
The TPP intends to enhance trade and investment among the TPP partner countries, promote innovation, economic growth and development, and support the creation and retention of jobs.
Global health professionals, internet freedom activists, environmentalists, organized labor, advocacy groups, and elected officials have criticized and protested the negotiations, in large part because of the proceedings' secrecy, the agreement's expansive scope, and controversial clauses in drafts leaked publicly.

THE DEVELOPMENT OF TPP
The negotiations to set up

You May Also Find These Documents Helpful

  • Satisfactory Essays

    Per the Constitution, Congress is charged with giving advice and consent with regard to trade agreements. During the past few decades, however, Congress shrugged this responsibility and passed the right somewhat by giving the president trade promotion authority. This is essentially right to yes or no vote on the treaty that is negotiated by the President’s administration. It is intended to avoid quibbling over line items that could necessitate renegotiation.…

    • 134 Words
    • 1 Page
    Satisfactory Essays
  • Powerful Essays

    Individual countries are not limited to the amount of trading blocs that they can take part in; however, it seems that countries with either like interests or geographic closeness seem to work together more successfully. Some of the most notable trade blocs in the news right now are the North American Free Trade Agreement (NAFTA) between Canada, Mexico, and the United States, the North Atlantic Treaty Organization (NATO), and the European Union (EU).…

    • 1387 Words
    • 6 Pages
    Powerful Essays
  • Good Essays

    Pros And Cons Of Nafta

    • 553 Words
    • 3 Pages

    In January 1, 1994, the North American Free Trade Agreement (NAFTA), a state-of-the-art market-opening agreement, came into force. Since then, NAFTA has systematically eliminated most tariff and non-tariff barriers to trade and investment between Canada, the United States, and Mexico. By establishing a strong and reliable framework for investment, NAFTA has also helped create the environment of confidence and stability required for long-term investment. NAFTA was preceded by the Canada-U.S. Free Trade Agreement.…

    • 553 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    Pros And Cons Of Nafta

    • 320 Words
    • 2 Pages

    NAFTA is a free-trade deal that came into action in January 1994, it was signed by U.S. president Bill Clinton, Mexican president Carlos Salinas, and Canadian prime minister Jean Chrétien. The main purpose of the agreement is to eliminate most tariffs on products traded among the United States, Mexico, and Canada. This agreement took away important tariffs in several different industries like, agriculture, textiles and automobiles. The NAFTA agreement also included things like intellectual property protections in the three selected countries. The partners of NAFTA include Canada, United States Of America and Mexico. Removing tariffs were important to this agreement because it allowed balance throughout each country. Mexican tariffs on US made products were 250 percent higher than US duties on Mexican products. NAFTA removed the tariffs creating this balance between the countries when…

    • 320 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    The trans pacific partnership (TPP) was initiated by United states which was signed between 12 different nations in order to initiate free trade and corporate rights deal between the undersigned nations. The 12 nations which were included in the trans pacific partnership agreement was Australia, Canada, Japan, Chile, Malaysia, Mexico, New Zealand, Peru, Singapore, Brunei, Vietnam, Thailand, Phillipines, and South Korea.…

    • 838 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    Nafta Cons

    • 199 Words
    • 1 Page

    The North American Free Trade Agreement (NAFTA) is an agreement between the United States, Canada, and Mexico to eliminate trade barriers and stimulate economic growth in these countries. This agreement, signed in 1992 effective January 1, 1994, created one of the world’s largest free trade zones. The anticipated benefit of having NAFTA was to create jobs in the three countries, for economic growth for the countries involved, and to give consumers better pricing and selection of goods desired to purchase. Since its inception in 1994, this free trade agreement has continued to be controversial, depending on the perspective in which it is being evaluated. Currently there are media reports that the agreement may be overturned because it does…

    • 199 Words
    • 1 Page
    Satisfactory Essays
  • Good Essays

    NAFTA is categorized as one of the largest formed trading blocs. Despite the expansion and diversification in the economies of member states, there has been quite a number of setbacks as a result of the enactment of the trading platform. NAFTA'S focus was to reduce tariffs among member states namely Mexico, Canada, and the United States over the years, making it easier to trade goods across national borders, and increasing economic efficiency in North America.…

    • 478 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Print ECN 340

    • 586 Words
    • 1 Page

    Free trade agreements to promote international investment to optimize the industrial structure and resource allocation. The free trade agreement to promote economic cooperation relationship between member countries.…

    • 586 Words
    • 1 Page
    Good Essays
  • Satisfactory Essays

    Countries engage in large trade agreements with foreign countries to continue economic growth and hide under the veil of foreign relations. Each relationship is treated…

    • 456 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    The North American Free Trade Agreement (NAFTA) is a treaty that lays out the fundamental basis for economic prosperity and economic cooperation between Canada, Mexico, and the United States. The implementation of NAFTA has encouraged several economic policies, such as trade liberalization, which in turn have produced several economic benefits, ranging from significant economic growth to the production of jobs in the three nations. However, NAFTA has produced controversy with the possibility of the revocation of the agreement as a whole due to the lack of cooperation amongst the three nations. The trilateral negotiations of NAFTA require international cooperation amongst the parties to increase the effectiveness of the agreement and to ensure…

    • 810 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    Pros And Cons Of Nafta

    • 1238 Words
    • 5 Pages

    Because NAFTA is a detriment to the U.S. economy and the North American environment, the U.S. should withdraw from the NAFTA.…

    • 1238 Words
    • 5 Pages
    Powerful Essays
  • Good Essays

    Pros And Cons Of NAFTA

    • 436 Words
    • 2 Pages

    Implemented in 1994 by former president George W. Bush, the main idea of NAFTA was that a company in the states could do business with a firm in Canada as easily and efficiently as it did with a firm in America. This idea still…

    • 436 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Pros And Cons Of NAFTA

    • 746 Words
    • 3 Pages

    The North American Free Trade Agreement (NAFTA) is a large breakthrough in international trade for the United States, Mexico and Canada. It has liberalized trade among the three countries and had an allover positive impact on each country’s economy. A especially impacted the agricultural sectors of each country. Although there have been several trade disputes and controversial issues, the agricultural economy of each country benefited.…

    • 746 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Nafta Pros And Cons

    • 661 Words
    • 3 Pages

    NAFTA’s implementation brought a great opportunity for Mexico’s economy. During its early days, it was believed that NAFTA would bring rapid growth, raise wages, and reduce emigration. NAFTA resulted in a 11.3% increase in U.S-Mexico trade, which lead to the increase of 10.5% in exports. NAFTA allowed the U.S to become Mexico’s primary market for export at a whopping 77.6%. Although exports and trade increased, Mexican economy did not develop at the rate it was hoped. Between 1993 and 2013 Latin America was going through a major growth. Mexico, however, only saw an annual increment of 1.2% of its per capita income. Along with slow growth, poverty levels have remained unchanged and unemployment rated rose.1 NAFTA has been accused of having a negative impact on the agricultural industry of Mexico. Corn has been the product to suffer the consequences of the agreement. The negative impact is due to NAFTA only taking away tariffs and not limiting subsidies.…

    • 661 Words
    • 3 Pages
    Good Essays
  • Good Essays

    I believe a revolution is necessary. However, I don't think that it necessarily has to be a violent uprising. I think that what is needed first of all is a revolution of the mindset of the general public of North America (hell, Europe too but I'll stick to our side of the ocean). Our democracy is not the problem, the fact that our democracy has sold its soul to capitalism is the problem; transnational corporations have extreme amounts of control and their grip on earth and its people is strengthening (If you get a chance to watch THE CORPORATION then do so,…

    • 859 Words
    • 4 Pages
    Good Essays