With the emergence of the Trans-Pacific Partnership, or TPP, there has been both criticism and applause at the new reform and its current endeavors. The article, “The Future of Renewable Energy to TPP Countries” (https://www.commerce.gov/news/blog/2016/01/future-renewable-energy-tpp-countries) highlights one of the potential positive results from adopting the TPP. As stated in the article, “The renewable energy industry remains one of the most dynamic, fast-changing and transformative sectors of the global economy”. Per the article, it is estimated that 60% of “new generating capacity installed” over the next 25 years will be attributed to renewables. This estimation, if proven correct, could result in major economic successes for the TPP-participating countries, one of which is Mexico. While energy reforms make “projecting renewable energy exports to Mexico” difficult, it is potentially the most lucrative future prospect for US renewable energy exports. Currently, wind projects play a major role in the clean energy buildup within Mexico, they lack the full wind supply chain. Due to this, US suppliers are “well positioned to participate in this future growth”. Would it be more beneficial for Mexico to form export agreements with the US, or construct their own wind supply chain? Will labor rights end up playing an issue within this partnership?
The recent trade deal reached between 12 Pacific countries, including the U.S. and Japan, was described as the ‘largest regional trade accord’ in history, in an article by the New York Times. The agreement is hailed as an important first step after two years of intense negotiations. The deal is set to open new markets, protect workers, and preserve the environment. While these 12 countries have an agreed upon deal in place, the next step will be for the agreement to make its way through each participant’s respective legal system. How might the current deal change as it is vetted through the respective country’s political processes? What are some benefits to the new TPP? What are some of the downsides to the new TPP?