|Also known as||TPP|
The Trans-Pacific Partnership was a free trade agreement between 11 countries. The participating countries are Japan, Australia, Brunei, Canada, Chile, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam (this previously included the United States) Member of countries are hoping to foster a closer relationship on economic policies and regulation. Moreover, it creates a free-trade zone in the Pacific region, which covers 40 percent of the world economy.
Key Features Edit
The Trans-Pacific Partnership includes
- inclusive trade
- comprehensive market access
- address new trade challenges
- platform for regional integration
- regional approach to commitments
America has been trying to fully embrace clean energy and by doing that they would need to reduce the amount of coal, gas and oil that is used in everyday life. The TPP would threaten Americas ability to do that. The TPP would give oil, gas, mining, and other multi national companies new rights and ability that would. For example they could sue the US for making laws the reduce there profits. That means almost half a century of environmental work threatened just to deepen big incorporate businesses pockets.
Work Cited Edit
Indonesia might join the TPP In the near future. As the U.S left the agreement the Vice President of Indonesia was on the fence about joining the pact as he said in an interview"without the U.S. [in the TPP], we feel that the benefits on the trade front for Indonesia aren't that big, and we have lost interest" but it seems he has changed his opinion on that and wether or not the United States rejoins the pact he says Indonesia could join.