Pros And Cons Of TPP

The Trans-Pacific Partnership For many of us who have not heard about the Trans-Pacific Partnership like myself before taken an econ class this is the chance for us to learn about what exactly the pros and cons are to this and to decide on which side we stand on. The Trans-Pacific Partnership or TPP is a trade agreement amongst twelve Pacific Rim countries concerning a variety of matters of economic policy which was reached after 7 long years of negotiations. Most people see the TTP as one of the most ambitious free trade agreements ever attempted. The 11 other countries are some of the United States biggest and fastest growing commercial partners, accounting for $1.5 trillion worth of trade in goods in 2012 and $242 billion worth of services in 2011 (Washington post). They hold 40 percent of the world’s GDP and 26 percent of the world’s trade (Washington post). After looking at both side of the arguments whether or not the United States should sign off on the TTP I would lean more towards going for it even though there are still some doubts about it. The goal of the TPP is to promote trade, investment, economic growth, job creation, development and innovation through the …show more content…
According to Netivist there were leaked documents from TPP negotiations that reveal that the deal would even empower foreign corporations to skirt domestic courts and directly challenge our health, environmental and other public interest policies before extrajudicial foreign tribunals. There were criticism about the TPP being negotiated behind closed doors by officials from the United States and 11 other countries. They felt that there were lack of transparency and accountability in the most important negotiation that makes things difficult for some stakeholders and experts to provide any input in the success of the deal