Trans-Pacific Partnership - 621 Words

A draft of a top-secret piece of interstate agreement on the Trans- Pacific Partnership leaked online causing a hot status to its discussion. Trans -Pacific Partnership (TPP) - is the largest supra-trade and economic organization, the creation of which is scheduled for completion by the end of 2013. In an agreement on the TPP participating countries, generating more than 40% of global GDP: the U.S., Australia, Canada, Mexico, Japan, Singapore, New Zealand, Malaysia, Brunei, Chile, Vietnam and Peru. China and Russia are not included to this list. The Agreement provides changes to existing laws of member countries. WikiLeaks has published only one chapter entitled Intellectual Property (Rights) Chapter, which deals with the protection of intellectual property, as well as the bargaining position of the representatives of all 12 countries. Chapter has 95 pages and covers such areas as health care, civil rights, Internet services, publishing. The text of the chapter goes about provisions on patents, copyright, industrial design and trademark identifies who will produce medicines, goods, convey information. Section Enforcement provides for establishment of a commission, which legal regulators of individual countries at the hearing of cases of intellectual property infringement will have to listen. Human rights activists had no place in the committee. Copyright violators will face tough penalties. Criminal procedures and penalties will be applied even in the absence of willfulShow MoreRelatedThe Trans Pacific Partnership1024 Words   |  5 PagesQuestion 1: The Trans-Pacific Partnership started over a decade ago in negotiations. These political meetings have been happening for years between pacific countries such as The United States, Japan, Canada and Australia. There are twelve countries as of now working towards an agreement. The United States, Canada and Mexico are now part of the Trans-Pacific Partnership. The TPP is an agreement that would essentially serve as the new NAFTA. (The North American Free Trade Agreement) The new agreementRead MoreThe Trans Pacific Partnership1632 Words   |  7 PagesYasha Shamayeli 12/15/15 Prof. Shahrouri Econ 335 The Trans Pacific Partnership Globalization has made it far easier for people to get their hands on products they desire so much. It is not a new phenomenon, the world economy has become increasingly interdependent for a long time but the process has been greatly accelerated due to a variety of factors and one important factor are the growth of global trading blocks which have reduced national barriers, specifically tariff barriers that are in turnRead MoreTrans-pacific partnership2487 Words   |  10 PagesThe Trans-Pacific Partnership Agreement and the U.S. economy Executive Summary -The Trans-Pacific Partnership Agreement is a free trade agreement initiated in 2005 and was joined by the U.S. in 2008 which proposes to liberalize trade in the Asia-Pacific region. -There is much concern over the Intellectual Property proposals put forth by the U.S. These proposals threaten to dial back public health safeguards set forth in the 2007 New Trade Deal of the Bush administration, increase prices ofRead MoreThe Trans Pacific Partnership1549 Words   |  7 Pages The trans-pacific partnership will come to a final vote in early June, which will allow the Obama administration to negotiate trade deals with limited congressional input. The limited number of direct beneficiaries of the CETA, TPP and the other global treaties, are most desperate to keep from the prying eyes of the potential global un-preferred shareholders and the harmless non shareholders. A tariff is a tax imposed on imported goods and services. The main reason for tariffs is to restrict tradeRead MoreThe Trans Pacific Partnership Agreement1544 Words   |  7 Pagesthe Trans-Pacific Partnership. This, seven years in the making, the document has now finally showed all its entire document on November 5th, 2015. Where it is now being reviewed by congress for ninety days (DePillis, 2015). However, what exactly is the Trans-Pacific Partnership agreement? Also, how does this affect society? While the last question is too broad to answer; this paper will show the effects on three specific products: milk, dolphins, and video games. The Trans-Pacific Partnership agreementRead MoreThe Trans Pacific Partnership Agreement983 Words   |  4 PagesEvaluating the Theoretical Policies in the Trans-Pacific Partnership Agreement Liberalism asserts several tenets that explain the United States’ people’s failure to approve of a potential trade agreement, the Trans Pacific Partnership. Classical Liberalism refers to a series of concepts which are contingent upon individual autonomy. The Trans-Pacific Partnership Agreement (TPP) refers to a proposed free trade deal amongst 12 countries across the Asia-Pacific region including the USA. The tenets ofRead MoreThe Trans Pacific Partnership ( Tpp )1349 Words   |  6 Pages Introduction Passed in October 2015, the Trans-Pacific Partnership (TPP) is the largest free trade agreement (FTA) to date, comprising nearly 40% of the world’s economy. Countries including the United States, Japan, Canada, Australia, South Korea and Mexico, among others share a common economic characteristic of a gross domestic production exceeding 1 trillion dollars annually. Other developing pacific countries included within the TPP include Malaysia, Mexico, Peru, Vietnam, Singapore, Chile, BruneiRead MoreThe Trans Pacific Partnership ( Tpp )844 Words   |  4 PagesThe Trans Pacific Partnership (TPP) is a controversial agreement between 12 of the world s most powerful countries. This partnership is set to change history not just for America but for the world. The partnership has it eyes set on a cornucopia of issues from: Intellectual Property rights, and tariffs, to collective bargaining rights, and access to affordable medicines. All of these certainly great issues that America and the world face. The Trans Pacific Partnership is a partnership that doesRead MoreThe Trans Pacific Partnership ( Tpp )758 Words   |  4 PagesHenry(Haoye) Wang Mr. Dunkley CIA 4U2 19 October, 2015 Position Paper The Trans-Pacific Partnership (TPP) is a proposed trade agreement between twelve Pacific Rim countries concerning a variety of matters of economic policy, about which agreement was reached on 5 October 2015. (https://en.wikipedia.org/wiki/Trans-Pacific_Partnership) In 22 September 2008, United State of America joined the agreement. Since then, new countries such as Australia, Canada, Japan, Malaysia, Mexico, Peru and Vietnam alsoRead MoreThe Trans Pacific Partnership ( Tpp )1473 Words   |  6 PagesThe Trans-Pacific Partnership (TPP) is a proposed trade agreement between several countries who border the Pacific Ocean, parties to the agreement include: Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the United States and Vietnam. While the main objective of the TPP is to lower barriers to trade, namely by slashing existing tariffs on commonly traded goods, the TPP also addresses environmental concerns, labor rights, and intellectual property protection