Homework Question on Barriers to Trans-Pacific Partnership
- A few months ago, there was a lot of optimism that the United States would soon sign a free trade agreement with a group of Asian countries (TTP). Today, there are serious doubts that the negotiations can be completed any time soon, if at all.
- What stands in the way of these agreements? In your answer, look at concrete issues related to trade policy and domestic politics that can affect a country’s (or a group of countries) stance in trade negotiations.
- Make sure also to address the question of investment protection.
- You should list your sources in a bibliography, but you do not need to footnote every reference unless it is a direct quote.
Homework Answer on Barriers to Trans-Pacific Partnership
The TPP, also known as the Trans-Pacific Partnership agreement, is a trade agreement among countries in the Asian Pacific, the United States, and countries in North America. If agreed upon, this trade agreement is meant to be an expanded version of Trans-Pacific Strategic Economic Partnership Agreement (TPSEP) signed in 2005 that involved four countries: Singapore, Chile, Brunei, and New Zealand (Messerlin 290). The agreement is meant to enhance trade and improve investments among the member countries.
It should also work towards the creation of jobs and finding ways to retain these jobs. The partnership also works towards enhancing economic growth and development. However, there are certain barriers that stand in the way of the agreement being signed. These have been the reasons behind the several delays in the signing of this agreement.There have been allegations that certain provisions, which govern copyrights and patent enforcements that are in the US proposal presented for the agreement are too restrictive.
The restrictions in the proposal are said to be more restraining than those present in the Anti-Counterfeiting Agreement and the Korea-US trade agreement. These restrictions have raised concerns among house representatives and congress people about the country’s access to medicine once the agreement has been signed and in operation. They are concerned because it seems more focus has been geared towards protection of intellectual property at the expense of availability and accessibility to affordable medicine by developing countries.