Essay on The Trans Pacific Partnership Agreement

761 Words Nov 23rd, 2015 4 Pages
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). Trade barriers are a way of protecting industries from foreign countries coming into the country, but if Canada joins the TPP, more and more of these foreign products will be coming in and therefore eliminating Canadian made products. (Coyne). With more imports coming in than exports coming out, the country suffers a trade deficit which affects the GDP of the country’s economy (Baker). Without the trade barriers many industries will suffer, for example, the dairy industry (Coyne). The dairy industry specifically will suffer because it is cheaper in most cases to import produce from one of the other 11 other countries then it is to produce in Canada (Coyne). With the importation of these goods, it increases the competition of the dairy…

Related Documents