Andrew Garcia
10/14/16
Microeconomics
Professor Moore
The Trans-Pacific Partnership
Andrew Garcia
The Trans-Pacific Partnership is a trade agreement between twelve countries, which includes: Singapore,
Brunei, New Zealand, Chile, Australia, Peru, Vietnam, Malaysia, Mexico, Canada, Japan, and the United States
of America, which was signed on February fourth, 2016. It is called the Trans Pacific partnership because all of
the countries are pacific rim countries, but what is interesting is that it does not include China, one of the most
powerful countries in the world. The purpose of this agreement is to grow the worldwide economy by creating
more jobs, innovation, productivity and competitiveness, reduce poverty, make living standards better, and make
labor and environmental protections better (Michele Nash-Hoff). Also this agreement is supposed to make
economic relations between these twelve countries better by slashing tariffs, estimated to affect 18,000 tariffs,
and fostering trade to boost growth (Michele Nash-Hoff). This is what the Trans-Pacific Partnership is.
There are some pros and cons to the Trans-Pacific Partnership. Some pros to the Trans-Pacific Partnership
is that it will boost the economy and create more jobs, since it is the biggest trade agreement ever, even bigger
