Trans-Pacific Partnership

In the present moment, President Obama is anxious to sign apparently on of the biggest trade deals in U.S. history. The name of this agreement is the Trans-Pacific Partnership (TPP). TPP is basically a proposed trade agreement between many Pacific Rim countries concerning a variety of matters of economic policy. This would link 11 countries on the Rim with America. This is extreme because the 12 countries account for 40% of the world GDP and one third of all trade (The Economist). Let alone taking down tariff barriers, the TPP is supposed to tackle things like intellectual property, labor and environmental standards. In my opinion, I would support the Partnership. The reason I would support the Trans-Pacific Partnership because of all of the advantages this deal has to offer. What the TPP does is boost exports and economic growth. As a result, this will create more jobs and prosperity for the 12 countries involved that make up 40% of the GDP. The exports would be focusing mainly on machinery, especially electrical, automotive, plastic, and agricultural industries (US Economy). Trade negotiators have predicted that this deal will make the world richer by it earning $220 billion more a year. This deal will create economic and stronger political ties with Asian allies, and this could help America retain some influence in Asia. This deal can really put the U.S. as one of the dominant leaders. Although this deal has many advantages, it also possesses some disadvantages. One worry is that the imports, such as cars and textiles, from low-costing countries like Vietnam will hurt American workers. This is because there will not be a need for American workers if the company can produce the same product for a cheaper cost and cheaper wages in another country. Many Democrats say that the deal talks little about “currency