Essay about The Trans Pacific Partnership ( Tpp )

Essay about The Trans Pacific Partnership ( Tpp )

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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. The most commonly known is the North American Free Trade Agreement, or NAFTA. President Clinton signed the deal between the U.S., Mexico and Canada in 1993 (Oligopoly Watch, 2008).
Last year, the proposed Trans-Pacific Partnership, or TPP, reinvigorated the debate over free trade. The TPP involves the U.S. and 11 other Pacific Rim nations. Its future is unclear as it awaits congressional approval. The Trans-Pacific Partnership (TPP) is one of the most ambitious free trade agreements ever signed.
Those in favor say this trade deal will unleash new economic growth among countries involved. Those against - particularly some Americans - fear it could mean jobs will move from the US to developing countries. They also do not like the fact the five-year talks were held largely in secret.
So what is the Trans-Pacific Partnership (TPP)? In a nutshell it involves 12 countries: the US, Japan, Malaysia, Vietnam, Singapore, Brunei, Australia, New Zealand, Canada, Mexico, Chile and Peru. The pact aims to deepen economic ties between these nations, slashing tariffs and fostering trade to boost growth.
Member countries are also hoping to foster a closer relationship on economic policies and regulation...


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...approximate tax is about 6 cents per can of regular coke and less (4 cents) for a less sugary substitute, such as Coca-Cola Life (The Economist, 2016)
The implementation will not take place until April of 2018, so this gives a powerful message to companies like Coca-Cola to either change to a les sugary soft drink or pay the consequences of less consumption/sales (The Economist, 2016). Even if the tax does not sway citizens away from the sugary drinks it will force the soda companies to try and come up with sugar substitutes. The goal is for a healthier generation.
The British tax is only the latest country to address obesity and the link to over consumption of soft drinks. Hungary has been taxing them since 2011 and in 2012 the French government introduced a tax on both drinks with added sugar and /or added artificial sweeteners (The Economist, 2016).

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Essay about The Trans Pacific Partnership ( Tpp )

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