Question

Recently, there has been much criticism about the Trans-Pacific Partnership free trade agreement. Discuss three issues that may seem questionable in relation to the agreement. Given that eight other nations have already signed their participation, would you recommend to the U.S. Senate that it should be ratified?

Your journal entry must be at least 200 words. No references or citations are necessary.

Answer 1

United States Withdrawal:

As we all know that in 2016 the US president announced the withdrawal of membership and signature from the TRANS PACIFIC PARTNERSHIP. According to the president the agreement would demolish the US based organizational structure which intended will be very harmful for the US economy.

The three main questions that are questionable regarding the TRANS PACIFIC PARTNERSHIP agreement are as follow:

1. No Participation of China: As many large scale industries countries are the parts of TRANS PACIFIC PARTNERSHIP agreement why in that case China also being a large tech country not the part of it. In our opinion the country china is worried about the concept of domestic product.
2. Securing Jobs: Free trade doesn’t means that the trading should be done on the cost of people jobs which is the core aspect of any country to grow on an economical aspect.
3. Participation at a global stage: The most valuable questions arises is that if this agreement is beneficial for improving the trade structure why is including all the other countries globally. In our opinion the benefit of this agreement should be availed by all the countries which are dealing with the trade market.

According to the 2018 study shows that many of the US citizens were agreed with this fact that TRANS PACIFIC PARTNERSHIP agreement would be very beneficial for United States economy. This agreement includes lots of benefits to the partner countries to freely trade beyond their boundaries which will improve the efficiency of the organizations and will able to improve their trade quality and expand their exposure to wide variety of customers which will be directly fruitful for the organizations and will improve the trade between the countries.

From the above scenario this is important to convince the US Senate to consider this option of being the part of TRANS PACIFIC PARTNERSHIP agreement and use the maximum benefit out of it and strengthen the economy of the country.