There are many major provisions of the Trans-Pacific Partnership such as increasing job opportunities for not only American workers but other countries as well. Another would be it expanding agricultural markets to the other nations; negotiate intellectual property rights that will favor manufacturers, service providers, and farmers, also pharmaceutical patents (Gomez, 2015). This proposed deal provides new and easy market access for goods and services rendered here in the United States. Now, countries are able to share most if not all of the information it contains about medicine, food, resources. To help America, the deal stated other countries will not be able to discriminate against American companies anymore. The laws have strong and enforceable
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It is estimated that “by 2025 United States will make $305 billion per year” (Amadeo, 2015). U.S. exports would increase “by $123.5 billion, focusing on machinery, especially electrical, autos, plastics and agriculture industries” (Amadeo, 2015). It does this by “removing 18,000 tariffs placed on U.S. exports to the other countries” (Amadeo, 2015). The United States has already “removed 80% of these tariffs on foreign imports” (Amadeo, 2015). The agreement “adds $223 billion a year to incomes of workers in all the countries, with $77 billion of that going to U.S. workers” (Amadeo, 2015). In addition to increasing jobs the deal will also allow the other countries to share their medicine practices. This will able the United States to develop new medicine not yet discovered by us. New innovative medicine will hopefully aid American’s live a prosperous and healthier life based on the research and information discovered from the other countries. Another benefit of this deal would be lower priced goods and resources. America may negotiate where to make a product; based on labor wage and the availability of the …show more content…
For us Americans, this deal would allow other countries into American homes. The deal would include intellectual property rights; these rights may include rights to media, resources and many more. Other countries will be able to get American information simply by using the internet. Another opposition would be that “most of the gains in income would go to workers making more than $88,000 a year” (Gomez, 2015). This agreement is entirely for American’s of the upper class, even they are receiving the short end of the stick due to the face that corporations will now be able to make their own laws and enforce them in court. The agreement regarding patents will reduce the availability of cheap generics, making many drugs more expensive. Drug companies will now be a monopoly for the health care industry for five to eight years. Contrast to pharmaceutical patents this deal has no expiration date, for the rest of our lives the agreement will affect the way we live every day. In general the TPP will aid the American Government by making it more powerful and gaining access to people privacy and
It is estimated that “by 2025 United States will make $305 billion per year” (Amadeo, 2015). U.S. exports would increase “by $123.5 billion, focusing on machinery, especially electrical, autos, plastics and agriculture industries” (Amadeo, 2015). It does this by “removing 18,000 tariffs placed on U.S. exports to the other countries” (Amadeo, 2015). The United States has already “removed 80% of these tariffs on foreign imports” (Amadeo, 2015). The agreement “adds $223 billion a year to incomes of workers in all the countries, with $77 billion of that going to U.S. workers” (Amadeo, 2015). In addition to increasing jobs the deal will also allow the other countries to share their medicine practices. This will able the United States to develop new medicine not yet discovered by us. New innovative medicine will hopefully aid American’s live a prosperous and healthier life based on the research and information discovered from the other countries. Another benefit of this deal would be lower priced goods and resources. America may negotiate where to make a product; based on labor wage and the availability of the …show more content…
For us Americans, this deal would allow other countries into American homes. The deal would include intellectual property rights; these rights may include rights to media, resources and many more. Other countries will be able to get American information simply by using the internet. Another opposition would be that “most of the gains in income would go to workers making more than $88,000 a year” (Gomez, 2015). This agreement is entirely for American’s of the upper class, even they are receiving the short end of the stick due to the face that corporations will now be able to make their own laws and enforce them in court. The agreement regarding patents will reduce the availability of cheap generics, making many drugs more expensive. Drug companies will now be a monopoly for the health care industry for five to eight years. Contrast to pharmaceutical patents this deal has no expiration date, for the rest of our lives the agreement will affect the way we live every day. In general the TPP will aid the American Government by making it more powerful and gaining access to people privacy and