TPP

A Beginner’s Guide to the TPP

The Trans-Pacific Partnership Agreement or the TPP is a free trade agreement that according to the Office of the United States Trade Representative is going to “Level the playing field for American workers & American businesses.” It is meant to be an agreement between the United States, Canada, Mexico, Peru, Chile, Singapore, Vietnam, Brunei, Malaysia, Japan, Australia, and New Zealand.

Both Bernie Sanders and Donald Trump have been against this agreement since its inception. Hillary Clinton on the other hand had strongly supported the agreement throughout her tenure as Secretary of State. As of late last year she has flip flopped her stance on multiple occasions and at one point stated she [didn’t] “believe it’s going to meet the high bar I have set.” A statement she made during an interview with PBS Newshour’s Judy Woodruff.

Like any free trade agreement there are Pros and Cons. By providing you with the information you now have the facts required to formulate an opinion.

Pros

Wildlife trafficking is to be cut down by all aforementioned countries, those that do not will be penalized. The US Trade Representative TPP Fact Sheet states that this deal will cut 18,000 different taxes placed on Made in America exports. Not only will the TPP establish the highest standard of labor and worker protection in history but  it will also provide the necessary incentives to keep American jobs in the United States. In doing so they will also enforce strict transparency rules to aid in the cutting down of corruption. Not only will this deal aid the manufacturing industry but it will also give a helping hand to our small businesses and the agriculture industry. These tax cuts will assist farmers and ranchers in expanding their exports. Small businesses will have to deal with less red tape and essentially everything will be moved across borders more efficiently.

Cons

The downfall of this deal directly related to American’s is that with all the increases in income, those gains would only go to those that make more that $88,000 a year. One of the biggest opponents against is the medical sector. Generic drugs would no longer be cheaper than the brand name drugs. Their prices would skyrocket. This deal was supposed to be transparent and free of corruption but those same promises have already been broken. These discussions are taking place behind closed doors not open to the public. Documents from the agreement have been leaked that would set a precedent for any of these listed countries to circumvent the laws in place that could lead to an undermining of democracies all around the world.

It would not be feasible to list all the Pros and Cons on this page. I urge each of you to look into this matter. Whether you’re reading just one article, the fact sheet provided by the US Trade Representative, or you choose to read the whole agreement we all need to be informed of the very things that will affect our day to day life.