Title

The Trans-Pacific partnerships impact on America

Presenter Information

Matthew Swenson
Hideki Takei

Document Type

Oral Presentation

Location

SURC 140

Start Date

16-5-2013

End Date

16-5-2013

Abstract

The United States is currently engaged in the most ambitious trade talks of this century. The Trans-Pacific partnership (TPP) is a negotiated comprehensive trade agreement between 11 countries with two more countries considering joining the talks. The 11 countries in the negotiations account for more than 30 percent world’s Gross Domestic Product, with the probable addition of Japan and South Korea that number is pushed to 40 percent and would include 40 percent of the world’s population. The TPP negotiations are seeking to remove both tariff and non-tariff barriers to trade, the goal being to make sure that tariff barriers are not simply replaced by non-tariff barriers. By removing most of the barriers to trade with a TPP agreement the trade landscape across the Pacific region is going to change dramatically and perhaps in unexpected ways. If the TPP is accepted in its current state, the paradigm shift could lead to such remarkable changes as Japan importing automobiles from produced by Japanese companies in the United States, from the United States to Japan. The benefit of opening up further trade and reducing barriers will be a major boom to smaller less industrialized countries like Vietnam and Brunei, but what if, any advantages will the TPP have for modern industrialized countries? The United States and, once they formally join the negotiations, Japan will be the two most modern and industrialized countries taking part in the TPP. What, if any, advantage might the TPP hold for the United States and Japan?

Faculty Mentor(s)

Hideki Takei

Additional Mentoring Department

ITAM

This document is currently not available here.

Share

COinS
 
May 16th, 10:30 AM May 16th, 10:50 AM

The Trans-Pacific partnerships impact on America

SURC 140

The United States is currently engaged in the most ambitious trade talks of this century. The Trans-Pacific partnership (TPP) is a negotiated comprehensive trade agreement between 11 countries with two more countries considering joining the talks. The 11 countries in the negotiations account for more than 30 percent world’s Gross Domestic Product, with the probable addition of Japan and South Korea that number is pushed to 40 percent and would include 40 percent of the world’s population. The TPP negotiations are seeking to remove both tariff and non-tariff barriers to trade, the goal being to make sure that tariff barriers are not simply replaced by non-tariff barriers. By removing most of the barriers to trade with a TPP agreement the trade landscape across the Pacific region is going to change dramatically and perhaps in unexpected ways. If the TPP is accepted in its current state, the paradigm shift could lead to such remarkable changes as Japan importing automobiles from produced by Japanese companies in the United States, from the United States to Japan. The benefit of opening up further trade and reducing barriers will be a major boom to smaller less industrialized countries like Vietnam and Brunei, but what if, any advantages will the TPP have for modern industrialized countries? The United States and, once they formally join the negotiations, Japan will be the two most modern and industrialized countries taking part in the TPP. What, if any, advantage might the TPP hold for the United States and Japan?