Theu.s. North American Free Trade Agreement Essay

966 Words Oct 1st, 2016 4 Pages
One of the many talked about topics this political season has been the Trans Pacific Partnership. Many of the presidential candidates have come out against this proposal, including Hillary Clinton, Jill Stein, Donald Trump, and also former presidential candidate Bernie Sanders. The TPP was signed on February 4th, 2016 by 12 countries including the United States of America. Other countries include Australia, Brunei Darussalam, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, and Vietnam. The attempt of this partnership is to reduce tariff barriers, therefore encouraging free trade with the countries involved. Some of the backlash against this partnership has mainly been concerned with the possible loss of domestic jobs, more so focused on manufacturing jobs. Similar trade deals have sparked domestic job loss in the past. The NAFTA (North American Free Trade Agreement) has been linked to the loss of around 682,900 domestic jobs since it was agreed upon (Interactive Infographic, 2014). There are plenty of issues with these free trade agreements that politicians can debate about, but what challenges and what is there to gain from a manager’s point of view when it comes to the Trans Pacific Partnership? The largest and most efficient way that a manager can take advantage of any trade agreement is to use the lower costs to their advantage. With the reduction and elimination of tariffs from trading, managers typically take these lower costs into…

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