Canada Joining Trans-Pacific Partnership Essay

Canada Joining Trans-Pacific Partnership Essay

Length: 1500 words (4.3 double-spaced pages)

Rating: Term Papers

Open Document

Essay Preview


Introduction:
Pros and Cons of Canada Joining Trans-Pacific Partnership
Trans-Pacific Partnership is a trade block that seeks to bring together countries from the Asian continent with those in the South and North America, especially those sharing the pacific coastline. The partnership was initiated by a total of four countries including Brunei, Chile, New Zealand, and Singapore. However, since its establishment in the year 2005, the number of interested parties has increased to the current 12 countries. As of late 2013, countries such as Canada, United States, Vietnam, Mexico, Malaysia, Peru, Japan and Australia had indicated interest to join the pioneer countries in the partnership. Being a member of this partnership has been under consideration for a number of countries. Economists, politicians, and socialists have given their take on possible repercussions of being a partner in Trans-Pacific Partnership. Therefore, it is imperative to evaluate the possible pros and cons of Canada joining Trans-Pacific Partnership. The possible merits and demerits revolve around the keys developmental pillars of economic, sociocultural, political, and environmental.
Pros of Canada Joining Trans-Pacific Partnership
Expansion of Market
According to an analysis by Office of the United States Trade Representatives, 2013, the expected market size for the total negotiating countries in the partnership attends at 793 million customers. The Gross Domestic Product for the twelve countries involved in the Trans-Pacific
CANADA JOINING TRANS-PACIFIC PARTNERSHIP 3
Partnership is estimated to be over US$ 28.1 trillion by the year 2012. This value is reported to have been a share of over roughly 39 percent of the total world Gross Domestic Product. Therefore,...


... middle of paper ...


...erinstitute.org/uploadedFiles/fraser-ca/Content/research- news/research/publications/canada-and-the-trans-pacific-partnership.pdf]
Field, A. (2013). Will Canada’s gains from the upcoming Trans-Pacific Partnership wind up being given away to the U.S.? Association of Canadian Port Authorities. Retrieved April 23, 2014 [http://www.canadiansailings.ca/?p=7538]
Office of the United States Trade Representatives. (2013). The Trans-Pacific partnership: economic benefits. Office of the United States Trade Representatives. Retrieved April 23, 2014 [http://www.ustr.gov/about-us/press-office/fact-sheets/2013/December/TPP- Economic-Benefits]
Zhang, M. (2013). Trans-Pacific partnership: A trade agreement you should care about. International Business Times. Retrieved April 24, 2014 [http://www.ibtimes.com/trans- pacific-partnership-tpp-trade-agreement-you-should-care-about-1425468]

Need Writing Help?

Get feedback on grammar, clarity, concision and logic instantly.

Check your paper »

The Trans Pacific Partnership ( Tpp ) Essay

- During the tough times in the economy in and the upcoming election in America, the Asian economy has been doing slightly better. With Asian countries on the verge of opening their borders to trade, this is a great opportunity for America to get in on the act and reclaim its power on the world economy. Prior to the 2008 economic recession, America was the powerhouse in the economy and most countries looked up to America as the economic driving force. After the economic recession, a shift of power in the economy has happened and some countries in Asia have been able to prosper despite the economy might not be as stable....   [tags: International trade]

Term Papers
1475 words (4.2 pages)

Trans Pacific Partnership : Trade Agreement Essay

- Is the Trans Pacific Partnership a way to better the people or a passive jab at the prosperous China at the expensive of the people. The TPP is a trade agreement between the United States and the following countries: Australia, Canada, Japan, Malaysia, Mexico, Peru, Vietnam, Chile, Brunei, Singapore and New Zealand. Together this deal accounts for more than 40% of the world economy (Ghelani). With a gilded exposition the Trans Pacific Partnership glistens with expectations of failure. The TPP in its strategy to incarcerate China will inevitably imprison not only the American people but the rest of the world....   [tags: United States, Pacific Ocean, International trade]

Term Papers
1219 words (3.5 pages)

Essay on Canada Japan Economic Partnership Negotiations

- Canada-Japan Economic Partnership negotiations initiated on March 25, 2012 by previous Prime Minister Stephen Harper and the former Japanese Prime Minister Yoshihiko Noda. Round 7 of these negotiations took place in November 2014. Canada is aiming to reduce tariffs and other trade barriers between Japan (Canada-Japan, 2016). A possible trade agreement with Japan can be advantageous as Canada is able to further their relationship with Japan. This can benefit both countries culturally, socially, economic, and politically....   [tags: Inflation, International trade, Economics, Canada]

Term Papers
2174 words (6.2 pages)

The Trans Pacific Partnership ( Tpp ) Essay

- International trade policy have been a staple of United States foreign relations for over a century. Free trade agreements have been a continuous goal of the United States. The US has established free trade agreements with twenty different countries across the world. These agreements all have overarching goals that seek to establish regulations of labor and environmental standards, limit barriers to trade, and improve multinational relations. The Trans-Pacific Partnership (TPP) is one of the largest free trade agreements to be negotiated....   [tags: International trade, Free trade, Goods]

Term Papers
1853 words (5.3 pages)

Essay about The Trans Pacific Partnership ( Tpp )

- In a recent debate Bernie Sanders referred to free trade as stupid. Donald Trump echoed a similar sentiment when he said: “It’s not free trade, it’s stupid trade.” Free trade is an arrangement between countries in which restrictions on imports and exports; like tariffs and quotas; are lifted. This means that participating nations have better access to overseas markets. The U.S. has been making these deals since the Franklin Roosevelt administration. Right now, America has implemented 14 agreements with 20 countries....   [tags: International trade, Free trade]

Term Papers
1251 words (3.6 pages)

The Trans Pacific Partnership ( Tpp ) Essay

- The Trans-Pacific Partnership (TPP) is an agreement amongst the United States and twelve Pacific Rim countries; its purpose is to liberalize trade amongst the countries participating in the TPP, as a result, aiming to achieve the elimination of trade barriers and begin to develop relations amongst partnering nations. In its essence the TPP is a Preferential (or Regional) Trade Agreement (PTA)—a PTA is “between two or more countries, […] in which each country offers preferential market access to each other” (Oatley 36)....   [tags: International trade, Protectionism, United States]

Term Papers
1071 words (3.1 pages)

The Trans Pacific Partnership ( Tpp ) Essays

- Trade is the most common form of transferring ownership of a product. The concepts are very simple, I give you something (a good or service) and you give me something (a good or service) in return, everyone is happy. However, trade is not limited to two individuals. There are trades that happen outside national borders and we refer to that as international trading. Before a country does international trading, they do research to understand the opportunity costs and marginal costs of their production versus another countries production....   [tags: International trade, Economics, Tariff, Trade]

Term Papers
715 words (2 pages)

The Trans Pacific Partnership ( Tpp ) Essay example

- The Trans-Pacific Partnership(TPP) is a free trade agreement currently being negotiated between Australia, Canada, Japan, Malaysia, Mexico, Peru, the United States, Vietnam, Chile, Brunei, Singapore, and New Zealand. The deal would create a free trading zone around the Pacific, bringing together 12 countries that make up 40% of the world’s economy. Potential future members to the deal include Columbia, the Philippines, Thailand, Taiwan, South Korea, and Indonesia. One main point discussed in the agreement is comprehensive market access, meaning the TPP will eliminate or reduce tariff and non-tariff barriers of trade in order to create new opportunities and benefits for American businesses,...   [tags: International trade, Free trade, Economics]

Term Papers
746 words (2.1 pages)

The Trans Pacific Partnership Or Ttp Essay

- The Trans-Pacific Partnership or TTP is a free trade agreement between 12 countries, The United States, Japan, Malaysia, Vietnam, Singapore, Brunei, Australia, New Zealand, Canada, Mexico, Chile and Peru. These countries produce about $107.5 trillion or 40% of the world’s total GDP, and make up 26% of the world’s trade, with 793 million consumers. If the agreement is ratified it would create a new single market similar to that of the European Union. China has been excluded from the agreement since China hold trade dominance in East Asia, and it would give the US an excuse to get in involved in trade disputes in the oil-rich South China sea....   [tags: International trade, Free trade, United States]

Term Papers
977 words (2.8 pages)

The Trans Pacific Partnership Essay

- What is the Trans-Pacific Partnership. In the news and television many people are talking about the what is and isn’t and how those who are for the cause are discussing the benefital side but those who don’t want it and expresses the cons of it. The TPP is a free trade agreement and is being promoted as an opportunity for the United States to boost exports and create more domestic jobs. The reluctance of most Americans to accept it at face value exists for obvious reason. There are many things that could affect workers jobs as well as What is it....   [tags: International trade, United States, Free trade]

Term Papers
1176 words (3.4 pages)