What is the
TPP?
According to the USA
government website today, “The Trans-Pacific Partnership (TPP) writes the rules
for global trade—rules that will help increase Made-in-America exports, grow the
American economy, support well-paying American jobs, and strengthen the American
middle class.” However, their appears to be two sides to every story. Some
people like the deal, and others do not.
The
United States and 11 other nations signed the Trans-Pacific Partnership
(TPP) trade agreement Wednesday February 3, 2016 amid a range of protests
in member countries—including in front of the White House with a banner that
reads “TPP=Betrayal,” plus both support and outrage on the Internet, and a U.S.
senator imploring Congress on Tuesday to reject the deal.
The
ceremony in Auckland, New Zealand brings the huge trade pact, which has been
five years in the making, another step towards to becoming a reality. But the
TPP continues to face opposition. The 12 nations account for some 40% of the
world's economy - they now have two years to ratify or reject the
pact.
The TPP
involves the US, Japan, Malaysia, Vietnam, Singapore, Brunei, Australia, New
Zealand, Canada, Mexico, Chile and Peru.
Read more
about the Trans-Pacific
Partnership agreement.
Do you
think that the Trans Pacific Partnership agreement is good or bad for the USA?
Is it good or bad for the international fashion industry as a
whole?
Learn more about the TPP
View other trade
agreements effecting the apparel industry and more government relevant
resources.
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