The Advantages And Disadvantages Of The Trans-Pacific Partnership Agreement Among 12 Pacific Rim Countries

Great Essays
I. Introduction and background

Trans Pacific Partnership Treaty (TPP) is a trade agreement among 12 Pacific Rim countries. The treaty is signed on February 4, 2016 in Auckland, New Zealand in order to integrate the Asia-Pacific’s economy. The 12 members of TPP include Australia, Brunei, Chile, Malaysia, Mexico, New Zealand, Canada, Peru, Singapore, Vietnam, the USA and Japan. Trans Pacific Partnership Treaty was initially set on negotiation since 2006 (Tre, 2015). At first, the negotiation to Trans-Pacific Strategic Economic Partnership Agreement was joined by 4 parties: Brunei, Chile, New Zealand and Singapore (Fergusson, McMinimy, & William, 2015). Since then, the USA participated in the negotiation, followed by 7 other countries: Australia,
…show more content…
III. Research question

1. How was Trans Pacific Partnership (TPP) treaty formed?
2. What are TPP’s strength, weakness, opportunities and threat (SWOT)?
3. What are the advantages and disadvantages of TPP agreement to Vietnam’s economy?
4. How does Vietnamese society respond to the treaty?
5. What is the future recommendation on Vietnamese economist and business people in dealing with the change of taking TPP?

IV. Research framework

The first chapter will give the general information and definition of the importance of TPP’s formation to relating countries. Chapter 2 will bring a detail look of TPP’s strength, weakness, opportunities and threat either to Vietnam or the world. In chapter 3, the advantages and disadvantages of TPP agreement to Vietnam’s economy will be discussed. Therefore, the importance of TPP could be understood better and readers could easily form their point of views whether joining TPP is beneficial or not. Chapter 4 will provide information of how Vietnamese society responds to the treaty, whether the responds are positive or negative. The final chapter will develop on the future recommendation for Vietnamese economist and business people in dealing with the change of taking TPP in order to partly guide them for their upcoming organizational
…show more content…
In order to avoid plagiarism, the researcher herself has determined to work honestly and enthusiastically to the report. In other methods, American Psychology Association the 6th format and in-text citation would be used throughout the report so as to maintain the avoidant of plagiarism.

1.7.2 Validity
Validity concern more about the truth of the source when the studies happened. If the information that secondary sources brought in has the date before 90’, the information will not be relevant.

1.7.3 Bias
Bias is the state of preferring to an opinion because of its characteristic (REF). In this report, Vietnamese society’s perceptions will be taken in discussion. Therefore, bias will be a factor that cannot be avoided.
1.7.4 Reliability
Reliability depends mostly on the sources the researcher used during their processes. It depends to the genuineness of the sources. The reliability of the source will mainly depend on the fame of the organization or the individual that are reliable or well

Related Documents

  • Improved Essays

    The European Union’s trade regulation, set between the countries that are within the EU, entitles all the countries within the EU to trade without any barriers in place this affects all member states. However, NAFTA on the other hand is strictly an agreement that is set between Mexico, United States, and Canada. NAFTA stands for North American Free Trade Association; this had been created in the year 1988. One of the main points that will be covered in this assignment will be how these organisations are important to businesses that trade internationally and what affects they have for them. European Union’s regulation of trade makes it easier and simpler for EU nations to trade with each other.…

    • 1011 Words
    • 5 Pages
    Improved Essays
  • Great Essays

    Canada Global Business

    • 1568 Words
    • 7 Pages

    Has stated by Foreign Affairs, Trade and Development Canada, since 2006 Canada has concluded free trade agreements with 44 countries. One of the latest free trade agreements is Trans-Pacific Partnership (TPP). TPP has 12 participating counties that represents a combined market of 800 million people and $28.5 trillion GDP, this will have a significant impact on Canadian exporters specially in the case of Japan, Malaysia and Vietnam, the countries that Canada faces high tariffs and no prior access to. The government also provides information to Multinational Enterprises for promoting awareness of the OECD guidelines through National Contact…

    • 1568 Words
    • 7 Pages
    Great 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

    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 (North American Free Trade Agreement) is a trade agreement between Mexico, Canada and the United States. Although NAFTA has a lot of good benefits for the economy of the three countries, this doesn’t make those three countries improve because of the criticism they have received. NAFTA is far inferior and it is not a good thing because of the negative influence that it gives to both American and Mexican workers, Mexico’s environment were deteriorated because of pollution, and U.S. wages were kept the same. When NAFTA created five million U.S. jobs, 682,900 manufacturing jobs were lost. Some of them went to 17 states and some went to Mexico because the labor is cheaper.…

    • 502 Words
    • 3 Pages
    Improved Essays
  • Improved Essays

    Arguments Against Nafta

    • 467 Words
    • 2 Pages

    Against NAFTA NAFTA is the North American Trade Agreement established in January, of 1994 between the three countries part of North America; United States, Canada, and Mexico. In the beginning, NAFTA's main goal was to strengthen the economic relations between Canada, the U.S., and Mexico. To get the public's approval, they used free trade concepts in the agreement, promising to improve labor conditions, and have better benefits for all workers. In contrary to this plan, NAFTA ended up benefitting mainly investors and large corporations instead. As a result, NAFTA has been a failure, increasing unemployment as well as decreasing wages for thousands of workers.…

    • 467 Words
    • 2 Pages
    Improved Essays
  • Decent Essays

    Nafta Advantages

    • 137 Words
    • 1 Pages

    NAFTA is the North America Free Trade Agreement between Canada, United States, and Mexico, and was an expansion of the trade deal United States and Canada signed in 1988. NAFTA eliminated tariffs, import and export taxes, on product trade between the three countries. It was negotiated in 1991 by republican president George HW Bush and implemented in 1994 by democratic president Bill Clinton. The agreement had bipartisan support in congress and was projected to boost the economy of all three nations. Another goal of the agreement was to bring economic growth to Mexico and to discourage illegal immigration.…

    • 137 Words
    • 1 Pages
    Decent Essays
  • Improved Essays

    The Pros And Cons Of NAFTA

    • 1113 Words
    • 5 Pages

    president Bill Clinton, NAFTA was a promising free trade agreement between the United States, Mexico and Canada (NAFTA). NAFTA was established with the objective of gradually eliminating tariffs, promoting economic growth, investment and completion among the three countries, the regional treaty covers different things such as merchandise trade, investment, labor markets and environmental policies, however, it excludes the industries of telecommunication, television and transportation (Polaski). Since its establishment, NAFTA has seen a net gain of 39.7 million jobs and merchandise trade between member countries has tripled to $946.1 billion dollars in 2009 and according to NAFTA, “…partners exchange about US$2.6 billion in merchandise on a daily basis with each other…”…

    • 1113 Words
    • 5 Pages
    Improved Essays
  • Decent Essays

    • Also known as the North America Free Trade Agreement, they are the largest free trade region in the world, and its members are America, Canada, and Mexico. • Their purpose was to remove barriers to the exchange of goods and services among the countries of North America • Businesses, buyers, families, workforces, and farmers in North America have all benefited from NAFTA because it has brought strong economic growth and job creation, due to the great increase in trade and investment levels.…

    • 83 Words
    • 1 Pages
    Decent Essays
  • Great Essays

    The Pros And Cons Of NAFTA

    • 1158 Words
    • 5 Pages

    One of the most debated topics in the past election during Trump's presidency is North American Free Trade Agreement, also known as NAFTA. Donald Trump talked a lot about NAFTA over the course of his presidential run with plans to renegotiate or withdraw from the agreement. What was deemed originally a great trade agreement has since gotten a lot of backlash for many reasons that will be discussed later. Trade is an important part to any country, it brings in products that a country can’t grow or manufacture on its own soil. It saves time and money, which that then can be used in other avenues.…

    • 1158 Words
    • 5 Pages
    Great Essays
  • Brilliant Essays

    Free Trade In Canada

    • 441 Words
    • 2 Pages

    Conclusion Ultimately, the free trade agreement with the United States has not been good for Canada. Canadians have experienced a range of negative impacts and have been made more vulnerable to many problems due to elements of the agreement. In addition to the fact that Canada’s environmental resources are more vulnerable to damage and pollution, the country has also failed to realize the economic objectives upon which the agreement was based. While Canada has enjoyed some benefits, including maintaining its position in international trade, the negative impacts to Canada and its sovereignty greatly outweigh any of these benefits.…

    • 441 Words
    • 2 Pages
    Brilliant Essays
  • Improved Essays

    The Physician Assistant (PA) profession has been around since World War II, and is a highly sought out career option for individuals who want to study human medicine in modern America. This is mainly because the amount of school required is only six to seven years, which is less than many higher level medical professionals. A PA has a similar job function to that of a normal physician except that they are under supervision of an M.D. According to Humphrey Hodgson, author of “A New Kid on the Block,” a physician assistant “works to the medical model, with the attitudes, skills and knowledge base to deliver holistic care and treatment within general medical and/or general practice team under defined levels of supervision” (Hodgson). Hodgson’s…

    • 1069 Words
    • 5 Pages
    Improved Essays
  • Improved Essays

    Jack Ranney 11/11/15 Labor and Global Economy David Bensman Reaction Paper #4 Globalization and world trade has been a vital aspect of are world for centuries whether it be goods or services. In this reaction paper, I will be reflecting on the book, The Children of NAFTA by David Bacon. Bacon’s main idea in his novel is that government policies shape trade and investment decisions. Now although in recent years, neo-liberal ecoomists say that the international division of labor is a natural result of changes in technology and education, Bacon evaluates the NAFTA Agreement and suggests that maybe Mexico did not receive the benefits promised in the agreement. Through the different case studies comparing between 1st world companies and 3rd world…

    • 814 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    Crpc Informative Speech

    • 1290 Words
    • 6 Pages

    Summary of Opposing Views In order to ratify a treaty, the U.S. requires there to be a ⅔ vote in congress, which hasn’t happed yet. The U.S. shows interest in passing this bill, but with it being controversial, it takes years to examine…

    • 1290 Words
    • 6 Pages
    Improved Essays
  • Improved Essays

    A Developmental psychologist uses many of the research methods utilized in many other areas of psychology. There are a number of ways that Developmental psychologists can conduct research and gather information. One way is through observation in cross-sectional and longitudinal studies. Cross-sectional studies allow researchers to compare different population groups at the same time (“Cross-sectional Studies vs. Longitudinal Studies,” n.d.).…

    • 875 Words
    • 4 Pages
    Improved Essays