Who wins and loses in 21st century trade agreement

An article in CNBC (November 13, 2015) titled “Who wins and loses in 21st century trade agreement” (http://www.cnbc.com/2015/11/13/who-wins-and-loses-in-21st-century-trade-agreement.html) describes the controversial TPP agreement that has opened the discussion about the main benefits and trade-offs that this commercial deal represents. Tim Brightbill, who serves as vice chair of the U.S. government administrated Industry Trade Advisory Committee on Services and Finance Industries, mentioned that the tech and telecommunications sectors are beneficiaries of the deal. The TPP text explains agreements that will remove barriers to entry in the global market for technological companies. Another winner in the deal is the U.S. agriculture, considering that the TPP agreement increases access for US products abroad. On the other hand, some analysts foresee problems in terms of currency manipulation as a consequence of the TPP. Will the benefits outweigh the costs of implementing the TPP agreement? Will this advantage for technological companies boost further innovation in the coming years?

 

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