Trans-pacific Partnership Agreement
i)Abstract
The Trans-Pacific Partnership Agreement(TPPA) seems to have reached a crossroads; it could either create greater opportunities and be a building block towards achieving economic intergration with the members involved in both Asia and the Pacific, or adversely be the undoing causing formation of barriers between two large trade blocks which will work independently of one another. TPPA is not just an ordinary Free Trade Agreement(FTA), it is an opportunity to set a trade agenda for future trades throughout the Asia-Pacific region, therefore key decisions need to be reached about broader issues on the institutional structure of TPP such as its formation, entry conditions clarifications and so forth, will be important for sustaining its success.Combination of other agreements and organizations will be used in other to find the balance of the TPPA, such as the World Trade Organisation on the existence of facts of FTA, and other major trading partners in sectors of both import and export. This write up will be focused on the terms of trade creation, trade diversification and FTA regulations, also looking into the its benefits and drawbacks of the TPPA and how other by-standers are reacting to the TPPA; which the negotiations are being led by the United States, where TPPA should benefit theeconomic value, notthe geopolitical purpose.
Keywords: Trans-Pacific Partnership Agreement Free Trade Agreements
ii)Content Page iii)List of Charts/Figures/Tables/etc.
1.0 Introduction
For several years there have been negotiations regarding the formation of the Trans-Pacific Partnership Agreement (TPPA) which is proclaimed to be the ‘next generation’ trade agreement as a high-level trade liberalization linking both sides of the Pacific, making up 12 countries- Australia, Brunei, Canada(joined late 2012), Chile, Japan(july 2013), Mexico(joined late 2012), Malaysia, New Zealand, Singapore, Peru, Vietnam, and the United States, establishing a free
The Trans-Pacific Partnership Agreement(TPPA) seems to have reached a crossroads; it could either create greater opportunities and be a building block towards achieving economic intergration with the members involved in both Asia and the Pacific, or adversely be the undoing causing formation of barriers between two large trade blocks which will work independently of one another. TPPA is not just an ordinary Free Trade Agreement(FTA), it is an opportunity to set a trade agenda for future trades throughout the Asia-Pacific region, therefore key decisions need to be reached about broader issues on the institutional structure of TPP such as its formation, entry conditions clarifications and so forth, will be important for sustaining its success.Combination of other agreements and organizations will be used in other to find the balance of the TPPA, such as the World Trade Organisation on the existence of facts of FTA, and other major trading partners in sectors of both import and export. This write up will be focused on the terms of trade creation, trade diversification and FTA regulations, also looking into the its benefits and drawbacks of the TPPA and how other by-standers are reacting to the TPPA; which the negotiations are being led by the United States, where TPPA should benefit theeconomic value, notthe geopolitical purpose.
Keywords: Trans-Pacific Partnership Agreement Free Trade Agreements
ii)Content Page iii)List of Charts/Figures/Tables/etc.
1.0 Introduction
For several years there have been negotiations regarding the formation of the Trans-Pacific Partnership Agreement (TPPA) which is proclaimed to be the ‘next generation’ trade agreement as a high-level trade liberalization linking both sides of the Pacific, making up 12 countries- Australia, Brunei, Canada(joined late 2012), Chile, Japan(july 2013), Mexico(joined late 2012), Malaysia, New Zealand, Singapore, Peru, Vietnam, and the United States, establishing a free
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