Wednesday, May 6, 2020
A Short Note On Trans Pacific Partnership ( Tpp ) Trade...
Dear Mr. President, I am writing this letter in regards to the involvement of the U.S. in the current negotiations of the Trans-Pacific Partnership (TPP) trade agreement. I would like to address the current flaws that this partnership presents for the United States and how it will negatively affect not only our economy, but the American people as well. This agreement with eleven other Asia-Pacific countries aims to ââ¬Å"open markets, set high-standard trade rules, and address 21st-century issues in the global economyâ⬠(Office of the United States Trade Representative). However, I donââ¬â¢t believe pushing forward with this Free-Trade Agreement is the best way to accomplish this goal. The TPP, to its core, is designed very similarly to the Northâ⬠¦show more contentâ⬠¦Taking into consideration these three important problems that face the Trans-Pacific Partnership, I believe it would be beneficial for our country to withdraw from negotiations and distance ourselves fr om this trade agreement. The North American Free Trade Agreement is a 20-year-old agreement signed by the United States, Canada, and Mexico, which ââ¬Å"created the world s largest free trade area, which now links 450 million people producing $17 trillion worth of goods and servicesâ⬠(Office of the United States Trade Representative). While its intentions were to create jobs for the American People, the actual results from this trade agreement have been much more bleak for the U.S. labor force. ââ¬Å"â⬠¦The most significant effect has been a fundamental change in the composition of jobs available to the 63 percent of American workers without a college degreeâ⬠(Bonior, 2014). The Trans-Pacific Partnership is based strongly off of the layout of the NAFTA, which allows the removal of risks to investors that decide to move production to lower-wage countries. With the implication of the TPP the American people will feel an increased pressure on wages for people competin g against the poorly paid workers abroad where investors have moved their manufacturing. This was a trend that was heavily documented following the enactment of the NAFTA. Today, the United States has a large amount of goods, which were
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