The trans pacific partnership is a contreversial trade agreement, part of a series of 4 seperate nefociations to open up a large us-centric zone of relatively free trade.
Following public outcry over its content, both candidates denied support for it early on in the campaign. It has the approval of many current world leaders, including president Obama.
Contreversy arouse around the secrecy of the negociations (now broken: the full content is available online), and a clause that would permit corporations to open legal files against countries.
The main objective of the TPP was to prevent Chinese economic domination of East Asia. In fact, China has a a similarly encompassing agreement ready to be signed, which would impose its more interventionist values upon the area, which will likely come into action following the breakdown of the TPP.
(note: this is more personnel, the above is objective) I find the cnaceling of the TPP to be a shame, as a liberal (in the classical sense, not the american one). People seem to be fairly misinformed about what the TPP will actually do and not do. Yes, there is some valid critique to be given; most notably, the extremely extensive american copyright laws will be applied in all participating countries,mwhich can be harmfull, let's say, in the pharma industry. However, it is untrue that a corporation could sue a country for environnemental/security laws purely on the basis that it impedes profit. Only if favoritism is shown can the trade court be called upon (ex: foreign corporations need to keep higher environnemental standards than local ones.) I'm equally of the opinion that it was fully necessary to closen economic ties with smaller asian nations. China has recently been very agressive in its attempts to favor its own corporations (example : the extremely questionnable ban on the sales of the newer iphone models over apparent copyright infringement on a chinese product, while the chinese court completely ignores many very blatant immitations produced by its own companies. Or the massive subsidies it gives certain of its indistries to take marketshare.) It would be a mistake to allow China to make these values applicable in its neighbouring nations, which the RCEP would permit. Also, Trump has good talk about "being tough on China", if RCEP passes, the US will lose much of its negociation power. I barely think that Charisma alone will bring you a good deal at this point.
So, what's your opinion on all of this?
Discuss!
Here's the full transcript of the deal, by the way: https://ustr.gov/trade-agreements/free-trade-agreements/trans-pacific-partnership/tpp-full-text
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