Sunday, August 28, 2016

TPP? The Good The Bad and The Ugly!

TPP?  The Good The Bad and The Ugly!
This is a very very complicated issue.  There is an aspect of the decision making that almost includes fortune-telling since the effects of implementation in some cases will not be felt for years.  Some third world countries will become second or first tier participants in the course of the maturity of this agreement.  The more I read about it the less clear I am.  So I will read some more and use this space to collect my thoughts.  It is clear that we should prepare for the future.  Just what that future is to be is up to us in the present.  Please revisit for updates.
The Trans-Pacific Partnership (TPP) – a trade agreement among 12 Pacific Rim countries that has been years in the making – has received both praise and criticism over the last few years leading up to the agreement in February 2016. Praised by some for reducing approximately 18,000 tariffs, creating avenues for unprecedented regional integration and inclusive trade on both the large, medium and small economic levels; criticized by others for closed-door negotiations amidst significant concerns about citizens’ freedom of expression, human rights, environmental and labor standards, agriculture and food security, the future of the Internet’s global infrastructure, access to affordable life-saving medicines, and the right of sovereign nations to develop policies and laws that best meet their domestic priorities. 
Critics point out that nowhere in the agreement's 6,000 pages is there mention of the words “climate change”— a red-flag for environmentalists that TPP is far from being “a 21st-century trade agreement,” and is rather a business/investor rights agreement. Many say that TPP is as much about geopolitics and China - of the agreement's 29 chapters, only five deal with trade. Complex and contentious, how do we parse the big picture and what it means for everyday citizens on both sides of the Pacific? From The World Affairs Council of Oregon

From: The World Affairs Council of Oregon

For The TPP

What Will the TPP Mean for China?

Why China could never sign on to the Trans-Pacific Partnership

US-backed TPP to be ineffective without Russia, China – Putin

TPP Absentees: Russia and China

Where does the TPP leave China and Europe?

Friday, August 26, 2016

Understanding the TPP

Richardson School of Law Professor Diane Desierto, JSD, joins Mark Shklov to discuss the status of the Trans Pacific Partnership (TPP). After seven years of negotiations, the TPP was signed on February 4th 2016. Although not yet enforced, the trade agreement among twelve Pacific Rim countries would have major economic repercussions in the Pacific. Will the Obama administration be able to make this agreement effective before January 2017?

Some Additional Information
Summary of the Trans-Pacific Partnership Agreement
The Trans-Pacific Partnership Agreement
Trans-Pacific Partnership Agreement: Likely Impact on the U.S. Economy and on Specific Industry Sectors