Tp Pros And Cons

Great Essays
The Trans-Pacific Partnership agreement (TPP) is an agreement involving 12 nations in the Pacific Rim. Although not yet ratified, this free-trade agreement (FTA) is a significant and purposeful step in the international cooperation of these 12 nations. It is an extension of the Trans-Pacific Economic Partnership (TPSEP), an agreement among four nations, which involves three of the nations that signed the TPP: Singapore, New Zealand and Brunei. This is the first trade agreement of the 21st century and it is ready to make a big impact in the world’s economy. This agreement will be successful in the region by “reducing and eliminating tariffs, fostering competition, and creating greater opportunities for businesses” (Coyle). They also, “agreed …show more content…
Historically speaking, countries that collaborate together tend to fight less with one another. This statement can be deemed crucial by the American people to ensure security with these other 11 nations. Countries with similar ideals are prone to not have war, and this is called the democratic peace. This agreement does not include China, unlike the TPSEP, and that can be seen as being intentional. China and the United States have competing economies, and this trade agreement enables the United States to establish a relationship with these other 11 nations, some of which already have relationships with China due to the country’s geopolitical influence. This purposeful act of not including China could be seen as a negative component, being that they have a powerful economic influence in the world. However, this agreement would force trade with the other nations and would enable the United States to not rely on China so heavily, lowering the power they have over the United States (Petri 55). Minimizing China’s power will ultimately decrease China’s hemispherical power and increase the security of the United States. Finally, this will force China to either settle to the terms of the agreement, putting the United States at an advantage economically, or to not participate in this FTA, which would also put the nation at a disadvantage as it will not be in the agreement with an influential group of …show more content…
For example, the agreement encourages woman to take advantage of the established benefits as well as by promoting education and economic growth in the nations (“The Trans-Pacific Partnership” The Office of the United States Trade Representative). The document promotes American ideals through its implementation of prohibiting discrimination in the workforce, ensuring that a minimal wage is established, providing rights to unions in the workplace, ensuring the safety of the workplace, and through executing trade sanctions if any labor rights are infringed (“The Trans-Pacific Partnership” The Office of the United States Trade Representative). All of these components will ensure that human rights and American values are spread to other nations which will ultimately help the member nations’ economies and

Related Documents

  • Improved Essays

    People's Liberation Army

    • 830 Words
    • 4 Pages

    Foreign policy shifts depending on the economic and military value to the Chinese government. China is striving to obtain power and to become a great world power and a regional hegemon. The fact that China has grown so rapidly has enhanced the country’s foreign policy goals in some cases, but in other cases, China’s growth has threatened its goals. Chinese foreign policy in Asia is largely shaped not only by China’s military power, but also by China’s economic power. Economic power is exceedingly important in diplomatic relationships: Chinese officials regularly use free trade agreements, trade-facilitation agreements, and non-binding bilateral trade targets to leverage access to China’s market as a diplomatic tool in bilateral relations.…

    • 830 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    The American Asiatic Association Organizes Businessmen in Support of an Aggressive China Policy job is to ”foster and safeguard the trade and commercial interest of the United States and places in Asia and the Oceania” (Document J). The United States made many policies and treaties with these countries, like the Treaty of Kanagawa in Japan and The Open Door Policy in China. This gave nations equal trade in China and guaranteed that they would not be taken over by any…

    • 641 Words
    • 3 Pages
    Improved Essays
  • Improved Essays

    When China was declining the Europeans divided up China in “Spheres of Influence”, which was an area where a country had special privileges. The United States was one of the countries who didn’t have a sphere of influence in China, which worried them because they were afraid they were going to get cut off from China. The Open Door Policy stated that countries could not prevent other nations from trading within that countries sphere of influence. The Open Door Notes supports this statement by saying, “Second. That the Chinese [tariff]... shall apply to all merchandise landed or shipped to all such ports... within said sphere [of influence]...…

    • 1126 Words
    • 5 Pages
    Improved Essays
  • Improved Essays

    When the article talks about the comment that China and their trade and how they are making more than the U.S reminds me on the type of markets that there is between the U.S and China they when I look at the two countries and look at their markets they are some similarities for example both of them i can tell that they us perfect competition and monopoly i can say that it is perfect completion because both of the countries are in the top of the powerful economy country chart and want to be number one and are always creating new stuff to keep their economy strong the second when they talk about monopoly I think is more in China than in the U.S and thats because the government in that country allow it. When the article talk about chinas labor regulation and how they produce reminds me on the rights that everyone here in the us when they talk about if the company has the right to make it harassment free zone or when they talk about how in every company the workers have rights that is something china has a big problem because a lot of people think that the worker in china don 't have the same right as the workers in the U.S and that can affect the market because people are not safe and can’t produce the same work and their lives can be in stake. When the article talks about the TTP ( Trans-Pacific Partnership) they talk about trading deal can affect the economy and they also…

    • 978 Words
    • 4 Pages
    Improved Essays
  • Superior Essays

    Australia is an open business sector economy with almost no quotas and bans on imports of goods and services. This procedure of opening up has expanded efficiency, fortified development, and expanded the adaptability and additionally assorted qualities of the economy. Australia has consented free trade agreements with Chile, Malaysia, New Zealand, Singapore, Thailand, and the US. Additionally the country is working on the Trans-Pacific Partnership Agreement with Brunei Darussalam, Canada, Chile, Malaysia, Mexico, New Zealand, Peru, Singapore, the US, and…

    • 1169 Words
    • 5 Pages
    Superior Essays
  • Improved Essays

    North America Free Trade Agreement, known as NAFTA, is an implement that abolishes all tariffs for trades between Mexico, Canada, and USA. Tariffs are additional fees a customer must purchase in order to buy foreign products, and thus, they may decrease the sold amounts of imported goods, due to their relatively higher price. By having this agreement, consumers now get to buy imported products at the same price compared to domestic ones, and trading will be more encouraged due to this. Mexico, Canada, and USA are the three countries that signed this on December 17th, 1992, and signed into law on December 8th 1993, but did not go into effect until January 1st,…

    • 114 Words
    • 1 Pages
    Improved Essays
  • Improved Essays

    TPP Myth

    • 648 Words
    • 3 Pages

    This concern includes creating a higher level of commitment to promote transparency, participation, and accountability throughout the deals created off of the TPP. Another key concern is “For the first time in a U.S. Trade agreement, a chapter on regulatory coherence, including commitments on good regulatory practices; and commitments discouraging corruption and establishing codes of conduct to promote high ethical standards among public officials.” This concern shows that the TPP is not trying to be a back door agreement but trying to elevate the create an universal code of conduct among the countries in the…

    • 648 Words
    • 3 Pages
    Improved Essays
  • Improved Essays

    Nafta Pros And Cons

    • 666 Words
    • 3 Pages

    The North American Free Trade agreement (NAFTA) is “a treaty between Canada, the United States and Mexico” (Amadeo, 2017). In additions, these three countries have come to agreement to remove all trade…

    • 666 Words
    • 3 Pages
    Improved Essays
  • Decent Essays

    NAFTA allows corporations to exploit and enjoy their rights. In order to deal with the social dimensions of development, an enhanced NAFTA is essential to go beyond the silent integration of markets. There is a problem, since the concept of enhanced NAFTA is something similar to the European model, it is a little chance even nearly impossible to get support among businesses as well as the respective parliaments of the NAFTA partners. (Kondonassis, Malliaris, & Paraskecopoulos,…

    • 341 Words
    • 2 Pages
    Decent Essays
  • Great Essays

    International Trade Policy

    • 1283 Words
    • 6 Pages

    It is against civil liberties to pay less to women for jobs equivalent to men’s. “Women workers today earn 78 percent of what their male counterparts make” (Senator Bernie Sanders). In response to this Bernie Sanders, like all the Democrats do, proposes to pay equally to women workers. After the preparation of a financial base the next step is the most massive piece of Sanders’s plan: rebuilding the crumbling infrastructure. Infrastructure is a fundamental part of our everyday life, and, because of this, Bernie Sanders wants a major rehaul of it.…

    • 1283 Words
    • 6 Pages
    Great Essays
  • Improved Essays

    On July 8th, 2014 Japanese arrived in Australia after 12 years to sign a free trade agreement. A free trade agreement is said to take place between countries, such as Australia and Japan based on the article, when there are no barriers to trade put in by the respected governments or international organizations. Goods and services are allowed to move freely between countries. Furthermore, FTA’s is a type of trade bloc that could have the potential to eliminate protectionism type barriers, for example tariff’s. A tariff is a tax that is charged on imported goods.…

    • 747 Words
    • 3 Pages
    Improved Essays
  • Improved Essays

    The purpose of this research paper is to clearly define the North American Free Trade Agreement (NAFTA) and the South African Development Community (SADC). The two agreements selected are both vastly different and the few similarities between the two are thoroughly discussed. Conflict management protocols that each nation uses will provide a further understanding of the many differences. The goals of each agreement are examined to further understand the future of the NAFTA and SADC nations. The origin of each agreement as well as the qualifications are fully discussed to enable a better understanding of where each agreement is today.…

    • 883 Words
    • 4 Pages
    Improved Essays
  • Superior Essays

    Equity In Dairy Industry

    • 932 Words
    • 4 Pages

    The TPP opens the borders between several countries to free trade. This is a grave concern to many industries and especially in the Canadian dairy industry. In the Financial Post Article about this very topic entitled, “Why Canadian Dairy farmers are worried about the Trans-Pacific Partnership: We could go out of business”, famers discuss their fears. For one, the quota system would be gone. A system that producers have been using for more than 40 years would drastically change.…

    • 932 Words
    • 4 Pages
    Superior Essays
  • Great Essays

    Policy Memorandum To : Bernd Lange, the Chairman of European Parliament Committee on International Trade From : Kyu Hyeon Kim, a freshman of New York University Subject : The European Union and The Transatlantic Trade and Investment Partnership [Introduction to TTIP] The Transatlantic Trade and Investment Partnership (TTIP) is a FTA between United States of America(US) and European Union (EU).…

    • 1227 Words
    • 5 Pages
    Great Essays
  • Improved Essays

    Dr Kelsey’s prediction proved to be correct as later on by the end of July, a significant round of negotiations in Hawaii failed to conclude the TPPA. Likewise, the issues of dairy, autos and agriculture remained unresolved (TTP, RIP? 2015). The secrecy over the content of the deal meant that the powerful corporations of the member countries could gain the monopoly over the labour policies, job…

    • 791 Words
    • 4 Pages
    Improved Essays