The Trans Pacific Partnership ( Tpp ) - 1178 Words

The Trans-Pacific Partnership (TPP) is a 12-nation Asian-Pacific trade agreement that seeks to increase economic integration among participating nations by lowering barriers to trade, improving trade facilitation and enhancing standards harmonization. Upon completion, the TPP trade area would comprise a region with $28 trillion in economic output, making up around 39 percent of the world’s total output. If the TPP is successfully implemented, tariffs will be removed on almost $2 trillion in goods and services exchanged between the signatory countries. In this blog we look at some questions about the TPP and how it affects imports and exports for countries along the Pacific Rim. This blog post was written by Benjamin Burstein, summer intern at the AAFA (American Apparel and Footwear Association) and son of Mark Burstein, NGC’s president of sales, marketing and RD. Which countries are involved in the TPP? The United States is currently negotiating the TPP with 11 other countries including Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam. How long has the TPP been in discussion? In 2005, New Zealand, Chile, Singapore and Brunei began negotiations to engage in an unprecedented trans-pacific free trade agreement, known as the P4 (Pacific 4). In February 2008, President Bush announced that the United States would enter the P4 discussion. Over the next couple of years Peru, Australia, Vietnam, Malaysia, Canada, Mexico andShow MoreRelatedThe Trans Pacific Partnership ( Tpp )1349 Words   |  6 Pages Introduction Passed in October 2015, the Trans-Pacific Partnership (TPP) is the largest free trade agreement (FTA) to date, comprising nearly 40% of the world’s economy. Countries including the United States, Japan, Canada, Australia, South Korea and Mexico, among others share a common economic characteristic of a gross domestic production exceeding 1 trillion dollars annually. Other developing pacific countries included within the TPP include Malaysia, Mexico, Peru, Vietnam, Singapore, Chile, BruneiRead MoreThe Trans Pacific Partnership ( Tpp )758 Words   |  4 PagesOctober, 2015 Position Paper The Trans-Pacific Partnership (TPP) is a proposed trade agreement between twelve Pacific Rim countries concerning a variety of matters of economic policy, about which agreement was reached on 5 October 2015. (https://en.wikipedia.org/wiki/Trans-Pacific_Partnership) In 22 September 2008, United State of America joined the agreement. Since then, new countries such as Australia, Canada, Japan, Malaysia, Mexico, Peru and Vietnam also joined the TPP, bringing the total number ofRead MoreThe Trans Pacific Partnership ( Tpp )1473 Words   |  6 PagesThe Trans-Pacific Partnership (TPP) is a proposed trade agreement between several countries who border the Pacific Ocean, parties to the agreement include: Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the United States and Vietnam. While the main objective of the TPP is to lower barriers to trade, namely by slashing existing tariffs on commonly traded goods, the TPP also addresses environmental conce rns, labor rights, and intellectual property protectionRead MoreThe Trans Pacific Partnership ( Tpp )844 Words   |  4 PagesThe Trans Pacific Partnership (TPP) is a controversial agreement between 12 of the world s most powerful countries. This partnership is set to change history not just for America but for the world. The partnership has it eyes set on a cornucopia of issues from: Intellectual Property rights, and tariffs, to collective bargaining rights, and access to affordable medicines. All of these certainly great issues that America and the world face. The Trans Pacific Partnership is a partnership that doesRead MoreThe Trans Pacific Partnership ( Tpp ) Essay1639 Words   |  7 PagesThe Trans-Pacific Partnership (TPP) is an economic free trade agreement currently being negotiated between New Zealand and 11 other Pacific Rim nations (Wyber Perry, 2013). It seeks to reduce trade restrictions including tariffs, create shared guidelines for intellectual property rights, sa nction codes for environmental and labour regulations, and create an investor-state dispute settlement (ISDS) system (Fergusson, McMinimy Williams, 2015). The implications of the TPP are immense, encompassingRead MoreTrans Pacific Partnership ( Tpp )1499 Words   |  6 Pagesyears of negotiation, the Trans-Pacific Partnership (TPP) was finally signed on February 4, 2016. As a large range of goods and services will be affected, countries have to consider both pros and cons of the agreement. For Vietnam, despite possible detriments due to IP protection, externalities, the partnership is generally beneficial as it significantly boosts Vietnam’s major export industries and increases the countries’ GDP in a short amount of time. Trans-Pacific Partnership is considered one ofRead MoreThe Trans Pacific Partnership ( Tpp )1590 Words   |  7 Pages2) What are main themes or sectors that are negotiated in the Trans-Pacific Partnership, that are more prone to be subject to industrial groups’ vested interests, and what are ones more prone to be affected by political positioning? Create a table, and justify your distribution of â€Å"affected† themes or sectors, or aspects by reviewing various readings. The Trans-Pacific Partnership (TPP) is an extensive, proposed trade agreement that â€Å"would strengthen ties between Asia and the Americas, create aRead MoreThe Trans Pacific Partnership ( Tpp )896 Words   |  4 Pagesoccurs across state and international lines making the world’s citizens better off. Free trade is crucial to this improvement in well-being. Unfortunately, all current presidential candidates are against free trade. In particular, the Trans-Pacific Partnership (TPP,) a massive multilateral Free Trade Agreement (FTA,) is facing strong opposition. Economists frequently cite the benefits of trade and the importance of free trade between nations. In this fashion, many FTAs have been made in recent historyRead MoreThe Trans Pacific Partnership ( Tpp )1401 Words   |  6 Pagesand the society of the pledged countries. Until recently, the U.S. initiated, the Trans-Pacific partnership (TPP), a global trade agreement that will impose stricter provisions on the labor issues such as workplace safety, labor issue, and labor dispute to the pledged countries. Brunei, Malaysia, Vietnam, and Singapore are 4 of the 11 Association of Southeast Asian Nations (ASEAN) countries who pledged in this TPP agreement and thus will be benefited from the elimination of taxes and tariffs onRead MoreThe Problematic Partnership Of The Trans Pacific Partnership ( Tpp )2425 Words   |  10 PagesThe Problematic Partnership 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