trans-pacific partnership by: eric florence. contents overview u.s. national interest, policy,...
TRANSCRIPT
Trans-Pacific Partnershipby: Eric Florence
Contents Overview U.S. National Interest, Policy, Politics Issue: TPP Policy Recommendation Conclusion and Questions
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Overview
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Trans-Pacific Partnership Trade agreement
that will “enhance trade and investment among the TPP partner countries, promote innovation, economic growth and development, and support the creation and retention of jobs.”
History
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Origins Trans-Pacific
Strategic Economic Partnership Agreement (2006) FTA among Chile,
Brunei, New Zealand, Singapore
TPP stems from TPSEP, albeit significantly expanded
U.S. National Interest Increase Exports, Job Promotion
TPP countries represent 40% of global trade
Increase Competiveness TPP will facilitate larger U.S. role in Asia-
Pacific region $895B exports to Asia-Pacific in 2011
Agricultural and services sectors ranking among highest
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TPP: Who?
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Member States Singapore Chile New Zealand Brunei Australia Peru Vietnam Malaysia United States Mexico Canada
TPP: What?
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Similar, but broader focus than TPSEP Strengthen
economic ties Reduce tariffs and
trade barriers Increase
investment flows Integration of
economic policies and regulations
Still in negotiation
TPP: Why?
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Economic gains Population GDP/Per Capita
income Counterpoint:
China Potential growth in
agreement
Controversy
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Intellectual Property rights and enforcement Incidental copies,
Digital locks, Small-scale infringement
Patents Pharmaceuticals
Transparency
Policy Recommendation
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For: USTR Ron Kirk and TPP negotiating delegates: inconclusive
Conclusion TPP presents great opportunity for
greater regional cooperation and huge economic growth.
Present controversy could overshadow discussion and dilute a sound agreement.
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Questions?
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