The Trans Pacific Partnership ( Tpp ) Trade Agreement Essay

The Trans Pacific Partnership ( Tpp ) Trade Agreement Essay

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As the 2016 presidential election has just ended, the Trans-Pacific Partnership (TPP) trade agreement comes into the question; should the agreement be passed or not? As said by the Office of the United States Trade Representative, “The Trans-Pacific Partnership (TPP) writes the rules for global trade—rules that will help increase Made-in-America exports, grow the American economy, support well-paying American jobs, and strengthen the American middle class.” Through this definition, many can conclude and start to ponder that this agreement is the solution to the economic crisis for the decreasing middle class and stagnant wages that most American workers face. The TPP is much more than a “free trade” agreement. It is essentially a beneficial deal for large corporations by dismantling labor, undercutting worker rights, outsourcing jobs, allowing corporations to challenge our laws; which concludes to the never ending cycle of the hierarchy.
As stated by the Economic Policy Institute, if the TPP is agreed to, the U.S. will lose more than 130,000 jobs to Vietnam and Japan alone. Also the TPP includes rules that will benefit large corporations in America to outsource call centers; computer programming; engineering; accounting; and medical diagnostic jobs. In addition, manufacturing jobs will be depleted due to North American Free Trade Agreement (NAFTA), the U.S. lost about 700,000 jobs. With the agreement of the TPP, it would solely provide benefits to firms that already offshore jobs, reducing any risks in low-wage countries. Furthermore, Bernie Sanders claims, “The TPP creates a special dispute resolution process that allows corporations to challenge any domestic laws that could adversely impact their ‘expected future profits.’” By ...

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...iting new rules to change up the Trans-Pacific Partnership.
To conclude, I believe the Trans-Pacific Partnership should have no place to stand and should not be agreed upon. Large corporations will benefit heavily from this deal, causing jobs to be lost in America to countries where people barely get 56 cents an hour. Also, prescription drugs and life-saving drugs will be costly, and maybe even cause death, since the price is too high to be paid for; this applies to over-the-counter drugs as well, since pharmaceuticals will limit the amount consumers’ can buy. Also, where trade barriers are high, economic benefits can be found, but tariffs are already low, with an average of 2.7%. All in all, passing the Trans-Pacific Partnership would cause chaos and keep pinpointing the never ending hierarchy of the wealthy being at the top and everyone else being at the bottom.

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