These 5 facts explain the obstacles to the Trans-Pacific Partnership

An article in Time (August 7, 2015) titled “These 5 facts explain the obstacles to the Trans-Pacific Partnership”(http://time.com/3980075/these-5-facts-explain-the-obstacles-to-the-trans-pacific-partnership/) describes the significant sticking points left that have delayed the agreement in regards to the Trans-Pacific Partnership negotiations. The five main points are: the pharmaceutical fight, dairy imports and exports, car controversy impacting the tariffs for the auto industry, trouble with textiles, and the currency manipulation issues. Considering the particular conditions of each of the 12 participant countries, the TPP agreement represents a challenge for these diverse economies. For instance, while dairy accounts for 25% of New Zealand’s exports, imports in Canada currently face a 248.95% tariff considering the relevant influence that dairy farmers hold in the North American country. Will countries find benefits in the TPP agreement that overweight the tradeoffs associated with the proposed standard regulations?

One thought on “These 5 facts explain the obstacles to the Trans-Pacific Partnership

  1. That’s a very interesting question as Canada is in the middle of the road of this TPP to happen with concerns in the Dairy market as well as in the Automobile market. Even though dairy exports biggest player is New Zealand, they have the lowest profit per liter of milk compared to Canada by more than 40%, and that’s what worries this sector the most in particularly.

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