The Trans-Pacific Partnership (TPP) is an ongoing controversial topic. This is a partnership consisting of 12 countries, and the goal is to create free trade among the countries which threatens to extend restrictive intellectual property laws across the globe and rewrite international rules on its enforcement” (Trans-Pacific Partnership Agreement). The TPP is not an effective strategy as it has little comparative advantages for Canada. As allowing the trade barriers and the tariffs in some cases being eliminated it results in more products coming into the country then going out. TPP partnership involves the removal of trade barriers, which encourages more companies to import their products opposed to producing them here in Canada (Coyne).
…show more content…
However, others will still have tariffs and the goods and services that do not have tariffs means no taxes for over the once-allowed imports for that product (Owram). For example, the auto industry specifically suffers as a result of not having tariffs or barriers. If companies are going to manufacture products or vehicles elsewhere, “at least 45% of the vehicles must be made in TPP countries to be considered tariff- free in Canada” (Owram). “Canada once used to be the manufacture base for American and Japanese automakers but not for much longer because there are other options which are cheaper to produce the same products in places like Mexico” (Owram). Toyota in particular has already stated the transition of finding suppliers outside of Canada. “In April, Toyota announced that it would move production of the popular Corolla sedan from Cambridge ONT to Mexico and has not yet announced what it will replace it with” (Owram). With finding alternative manufacturers results in eliminating jobs for those who used to be the producers which made the Corolla’s or any other industry that is affected by the substantial addition of more foreign products. As a result of having no trade barriers or little to no tariffs the “Canadian auto industry could lose 20 000 jobs because of the TPP deal” as well as those in the dairy industry as …show more content…
This involves patients which are taking medication and copyright issues. For example “Doctors without Borders is worried that the deal would make medications unaffordable in developing countries” (Krugman). “When drugs are sold in a free market, they are generally cheap” (Baker). This means that the same drug can be sold for a lot more which can be great in once country but could have a huge price increase in another (Baker). Raising the price above “market price it will pose substantial costs” which is going to affect the economy (Baker). The TPP also has “extensive negative ramifications for user’s freedom of expression, right to privacy” (Trans-Pacific Partnership Agreement) which ultimately hinders one’s abilities to invent goods and services. Heightening the idea that these are not valid reasons for accepting the TPP deal. In fact it would discourage many from voting for the TPP agreement, simply because no one should be deprived being able to get the necessary treatment they need to
However, others will still have tariffs and the goods and services that do not have tariffs means no taxes for over the once-allowed imports for that product (Owram). For example, the auto industry specifically suffers as a result of not having tariffs or barriers. If companies are going to manufacture products or vehicles elsewhere, “at least 45% of the vehicles must be made in TPP countries to be considered tariff- free in Canada” (Owram). “Canada once used to be the manufacture base for American and Japanese automakers but not for much longer because there are other options which are cheaper to produce the same products in places like Mexico” (Owram). Toyota in particular has already stated the transition of finding suppliers outside of Canada. “In April, Toyota announced that it would move production of the popular Corolla sedan from Cambridge ONT to Mexico and has not yet announced what it will replace it with” (Owram). With finding alternative manufacturers results in eliminating jobs for those who used to be the producers which made the Corolla’s or any other industry that is affected by the substantial addition of more foreign products. As a result of having no trade barriers or little to no tariffs the “Canadian auto industry could lose 20 000 jobs because of the TPP deal” as well as those in the dairy industry as …show more content…
This involves patients which are taking medication and copyright issues. For example “Doctors without Borders is worried that the deal would make medications unaffordable in developing countries” (Krugman). “When drugs are sold in a free market, they are generally cheap” (Baker). This means that the same drug can be sold for a lot more which can be great in once country but could have a huge price increase in another (Baker). Raising the price above “market price it will pose substantial costs” which is going to affect the economy (Baker). The TPP also has “extensive negative ramifications for user’s freedom of expression, right to privacy” (Trans-Pacific Partnership Agreement) which ultimately hinders one’s abilities to invent goods and services. Heightening the idea that these are not valid reasons for accepting the TPP deal. In fact it would discourage many from voting for the TPP agreement, simply because no one should be deprived being able to get the necessary treatment they need to