The of Obama. Obama stated “It’s the highest

The TPP is a free trade agreement such as the NAFTA. It expands the
Pacific Rim and it includes 12 countries; Canada, US, Japan, Mexico, Peru,
Chile, New Zealand, Australia, Singapore, Brunei, Vietnam, and Malaysia. Together,
these 12 countries make up 40% of the world’s GDP. They also make up one-third
of the world’s trade making it the biggest trade deal in history. Like all free
trade agreements a key factor of the TPP is to eliminate or lower tariffs on a
wide variety of goods. Some tariffs are eliminated right away while others are
set to phas out gradually over the next few years. Negotiators have set up schedules
for every item. TPP is not all about tariffs , other aspects include labor
provisions. It focuses on child labor, minimum wage, and worker’s rights. Originally
TPP had the bipartistan support of Obama. Obama stated “It’s the highest
standard most progressive trade deal in history”. It seemed like it would
bypass any opposition. An effective bi-paristan consensous concluded that the
benefits like cheaper goods and increased growth, out weighed the cons like job
losses in the manufacturing industry. The TPP creates standards and rules that
the governing nations must abide by. It’s also backed by many powerful corporations
as well as the corporatist politicians they financially support. It would also
require nations with previously closed economies to liberalize its provisions
on labor organizing, for example, requiring to allow workers to unionize for
more rights and better treatment. The TPP would also create a network and
framework for expanding and enforcing existing international environmental protection
agreements. There aer clear benefits through removing tariffs in general and other
barriers that restrict global trade. The TPP would expand American trade opportunities
with participating countries and lead to greater efficiency, lower costs, an
increased variety for consumers and a growth in the GDP. Also, by raising
regulatory rules and standards for many of China’s key trading partners, the
TPP would minimize its capacity to manipulate global trade and deliver greater
control to an international governing body. The biggest criticism lodged that
the TPP was negotiated in secret before the final agreement was released