Are you here for Trans Pacific Partnership? Why or why not?
Quote:
The member states are the US, Japan, Malaysia, Vietnam, Singapore, Brunei, Australia, New Zealand, Canada, Mexico, Chile and Peru.
The pact aims to deepen economic ties between these nations, slashing tariffs and fostering trade to boost growth.
Members had also hoped to foster a closer relationship on economic policies and regulation.
The agreement was designed to potentially create a new single market, something like that of the EU.
Quote:
What do critics say?
Plenty of people will be happy if the TPP never sees the light of day.
Critics argued it was a not-so-secret gambit to keep China at bay - it is not part of the TPP. For its part, China gave the TPP a cautious welcome but could be the big winner of the TPP failing.
Others said it would pave the way for companies to sue governments that change policy on, say, health and education to favour state-provided services.
The TPP was also seen as intensifying competition between countries' labour forces.
But the biggest criticism has been of what the campaigners allege were secretive negotiations, in which governments were said to be seeking to bring in sweeping changes without voters' knowledge.
Defenders say the reason the negotiations were not made public was because there was no formal agreement on them.
There has been a lot of criticism regarding this deal including the secrecy of documents and the length of documents. Also this trade will give longer patent duration for big companies and might not be favorable for developing countries involved
What is your take on this? Do you agree with Trump to cancel this negotiation?