The Trans Pacific Partnership ( Tpp ) Essay

1211 Words Oct 4th, 2016 5 Pages
Trade between countries is said to make all participating parties better off through an increase in productivity, that is, by allowing them to consume at a point outside the production possibilities frontier. The United States has been engaging in trade since its conception, and policies have grown and changed with the fluctuations of our economy over the past two centuries. One specific policy that has gained notoriety recently is The Trans-Pacific Partnership (TPP), a free-trade agreement over 10 years in the making among 11 nations across the globe. The TPP has the potential to further economic integration among the Western Hemisphere and the Asian-Pacific region, resulting in a major increase in economic gains across the globe (Kotschwar, Muir & Schott, 2013). Although the benefits seem major, implications on the U.S. economy vary, causing politicians to be wary of supporting the piece of legislation due to its risk of depressing certain industries and harming the labor force. However, it does not make much economic sense for the Democratic and Republican candidates to oppose the TPP because the negative implications are dwarfed by its high probability of success.
When President Obama decided to bring the United States into the Trans-Pacific Partnership negotiations in 2008, he stated that his main goal was to “shape a regional agreement that [would] have broad-based membership and the high standards worthy of a 21st century trade agreement” (Fergusson & Vaughn, 2010).…

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