Welcome to the Utopia Forums! Register a new account
The current time is Wed Mar 21 07:40:43 2018

Utopia Talk / Politics / TPP signed
Im better then you
2012 UP Football Champ
Thu Mar 08 14:14:39

Eleven Asia-Pacific countries have just signed the trade pact formerly known as the Trans-Pacific Partnership.

Although the US pulled out last year, the deal was salvaged by the remaining members, who signed it at a ceremony in the Chilean city of Santiago.

Chilean foreign minister Heraldo Munoz said the agreement was a strong signal "against protectionist pressures, in favour of a world open to trade".

The deal covers a market of nearly 500 million people, despite the US pullout.

In the absence of the US, it has been renamed the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).

Extraneous adjectives aside, its supporters say it's hugely significant, and could be a model for future trade deals.

What does it do?
Its main purpose is to slash trade tariffs between member countries.

But it also seeks to reduce so-called non-tariff measures, which create obstacles to trade through regulations.

There are chapters which aim to harmonise these regulations, or at least make them transparent and fair.

There are also commitments to enforce minimum labour and environmental standards.

It also includes a controversial Investor-State Dispute Settlement mechanism, which allows companies to sue governments when they believe a change in law has affected their profits.

Who's in it?
In alphabetical order: Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam.

The US is conspicuously absent.

President Donald Trump fulfilled an election promise by pulling out in January last year, labelling the deal a disaster for American workers.

Who are the winners and losers?
In short, the biggest winners are expected to be in Asia, while the wealthier countries, on balance, are not expected to receive as much of a boost.

The Peterson Institute for International Economics says Malaysia, Singapore, Brunei and Vietnam will each receive a bump of more than 2% to their economy by 2030.

New Zealand, Japan, Canada, Mexico, Chile and Australia will all grow by an additional 1% or less.

The same study says the US could be a big loser, foregoing a boost to its Gross Domestic Product of 0.5% (worth $131bn).

What's more, it could lose an additional $2bn because firms in member countries have an incentive to trade with each other instead of with American companies.

Donald Trump isn't the only one who has failed to be convinced of its value, though.

Unions (particularly in wealthier member countries such as Australia and Canada) say the deal could be a job killer or push down wages.

Some economists have also suggested that free trade agreements are rigged by special interests, which makes their economic value far more dubious.

Is there any point without the US?
Yes, but there's no question the deal is diminished without the involvement of the world's largest economy.

The remaining nations' economies account for more than 13% of the global economy - a total of $10 trillion dollars.

Trump executive order pulls out of TPP trade deal
TPP: What is it and why does it matter?
With the US, the deal would have represented 40%.

Australia's Prime Minister, Malcolm Turnbull, says the deal has been set up to allow it to admit new members, possibly including the US.

However, the revised agreement dropped about 20 of the original provisions (mostly those insisted on by the US), suggesting a US re-entry would require some intense negotiation.

And although Donald Trump is on record saying he'd be open to a substantially better deal, his broader hostility toward trade pacts would suggest it's a remote possibility.
Thu Mar 08 16:04:56
Yeah, Trump wants to destroy America.
Thu Mar 08 16:12:09
'Member when leftists thought TPP was shit before Donald Trump agreed with them? I 'member.
Thu Mar 08 17:19:36
I remember something about that too. There was something really bad about the TPP, but I don’t remember exactly what now. Maybe it was something about companies getting too much power. It allowed for an example American companies to sue nation states for ridcilous amount of moneys. Or something like that. Similar to Nafta. Canada ended up to be the most sued country on earth. Amercian companies has basically been milking Canada of moneys,

Or maybe I’m thinking of the TTIP. But it’s on hold now. I guess TTIP is to Europe what TTP and Nafta is to Canada but probably worse too.
Fri Mar 09 07:23:48
TPP is still shit, because they let business corrupt the thing. The general idea would have been ok were it not for the massive bj they have megacorps. Kinda sunk the thing from the beginning.
Fri Mar 09 09:12:15
Rugian couldn't name you really what TPP does anyways. Fucking retard.

And hood is being just as retarded too.

Basic premise of TPP was that Pacific Rim countries would remove tariffs on US agricultural goods and US would lower tariffs on manufactured goods.

TPP would've helped Trump rural areas hugely and given us some cheaper manufactured goods too. The effect would've been muted considering that it wasn't a huge treaty; about .5% more economic growth for all involved but it would've pre-empted China strategically which

If there was anything bad about it, people could've lobbied to change it but people were all, "Muh Obama" or "Muh Free Trade." Nobody that criticized it had any real facts or arguments. Just more idiotic populism.

Fri Mar 09 09:20:42
"people could've lobbied to change it"

No they couldn't. The agreement was done in secret and the biggest lobbiests were already contributing to the document.

The document included wildly retarded IP laws, worse than three previous attempt to force shit IP law down our throats with sopa. In addition, it gave foreign companies a method to essentially export laws to other countries. There's no fucking reason to give a corporation power rivaling that if a sovereign nation. Ever.

These points weren't going to be removed. Thus, the entire pact should have been scuttled.
Fri Mar 09 10:05:22
Hood, stop fucking cuckhats wife.
Fri Mar 09 10:10:11
I don't fuck retards, too risky. It takes just 1 person to suggest inappropriate influence and impaired decision making to be branded a sex offender.
Fri Mar 09 10:15:46
Hood starts his friday swinging towards the stars, good for you buddy, that was funny.
Fri Mar 09 21:31:47
One of the major exports of modern countries is IP. I guess you don't work in software or anything or you wouldn't be so fucking retarded with regards to IP. Movies, Books, Technology, Software, etc. The creative class creates mainly this type of good.

So yeah, we should have fucking respect for IP law. If you go to these dirt-poor countries; a big reason they are dirt poor is because people steal all that type of content.
Fri Mar 09 22:13:47
Poor countries are poor because people steal entertainment content. Holy fuck, are you retarded.

And tardhat, IP law in the US is already fucking nuts. Making it worse, and exporting it, is a terrible fucking idea. We already live in an age where consumers don't even own the shit they buy anymore. That fancy software? Could be bricked at any time by the creator just as a fuck you. Music? You're renting a license. Movies are even worse. You can't even fucking watch a DVD these days without approved fucking hardware. Monitor too old? Graphics card not current? Don't try watching a DVD on your PC. Even your HDMI cable needs to be compliant. And that's not even the good stuff.

Led Zeppelin had to go through how much court bullshit because some band they toured with believed Stairway sounded a little bit like their song? Robin Thicke lost a suit because he said Marvin Gaye was a musical inspiration of his. The god damned diaries of Anne Frank aren't public because cunty fuck nuggets keep making the most minescule of changes to them in order to keep the copyright gravy train rolling. Shall I continue? Do you want to get into the clusterfuck of generic drugs?

Respecting IP, copyright, etc is certainly important. However, there is a gaping chasm between where IP law currently is and what is morally reasonable. TPP wanted to push IP law even further away from sanity. It deserved to die. It deserved to be lit on fire and paraded around the village as we cackled, chanting "the witch is dead."

And you're still a dumbass for suggesting poor countries are poor because of their disrespect for IP.
show deleted posts

Your Name:
Your Password:
Your Message:
Bookmark and Share