|Also known as||TPP|
The Trans-Pacific Partnership is a free trade agreement between the United States and 12 other countries. The participating countries are Japan, Australia, Brunei, Canada, Chile, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam. 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.