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Trans Pacific Partnership - Pros and Cons from US and Japan perspective
Transcript of Trans Pacific Partnership - Pros and Cons from US and Japan perspective
Approximately 2.7trillion yen of GDP raise will be expected in ten years.(2023)
Market competition will increase, which will drop the price of products = good news for the consumers! Pros of Joining TPP 1. Food self-sufficiency ratio will decrease Cons of Joining TPP Depends on the future annexation of Japan, Korea, Indonesia and especially China.
It depends upon each country's politics.
BUT ESPECIALLY ON... Assume that... Assume that you are a farmer
You normally sell food to others Harvest Failure
You have food only for your family.
Do you sell food to others as usual? TPP will decrease the food self-sufficency ratio in Japan 40% Now If TPP starts 13% They have to buy food at a higher price.
At worst, they cannot eat any food. Food self-sufficiency ratio in Japan Anticipated Issue Do they always sell food to Japanese? Nature of humanity Did you remember that people bought up food and drinks
after the Great East Japan Earthquake? Abolish Tariffs (Completely and NO EXCEPTION)
Take away the borders in order to make things to enter or leave between the countries with no strict regulations. = Unify the Import/Export rules. Abolishing Tariffs Tariff: A tax that will be added on Imported products: Products in this case includes, Food, Medicine,Insurance etc (Doesn't need to be an object)
Examples of Tariffs in Japan
Elephant Root(Konnyaku Potato): 1706%
Why is it so high? = To protect Domestic Producers!! Unity of Trading Rules Each country has its own rule, regulation, and criteria.
WHICH ARE REALLY AWKWARD AND CONFUSING
So, why don't we unify the rules and make our own to make everything easier?
= SO LET'S JOIN TPP :) Liberalize trading= competition ! No tariffs= Imported Products will become cheap
=Domestic companies have to drop the price (To survive)
=Competition becomes bigger/ Stimulates Economy =Good for them :) GDP raise Japanese government has announced that "By joining TPP, we can expect approx 2.7 trillion yen of GDP raise in 10 years. "
Raise in GDP= Economic Growth
= Companies will expand production and market
= Increase in Employment rate Diminishing medical treatment
covered by public health insurance. Medical treatment Now After
TPP Covered by public health insurance No difference based on patients' income Medical treatment Covered by public health insurance At the patient's own expense The poor cannot receive medical care
which they need. The mechanism of decreasing the income of Japanese Massive inflows
of foreign workers Tough competition occurs among Japanese and the foreign workers. Wage of Japanese will decrease. Why is the low food self-sufficiency ratio is a crucial problem? The scenarios are Now Now Japanese farmers can sell food at the price which they can get profit. tariff Foreign countries Low price high
TPP No tariff Foreign
price Competition Japanese farmer cannot
continue their farms. Do you say that farmers can restart to cultivate crops only in an emergency? Once stop to cultivate crops Difficult to start to cultivate crops immidiately Self-protection is the priority Profit-making enterprises just pursue their profit. Profit-making enterprises After
TPP Profitable medical treatments Unprofitable medical treatments Abolished Profitable places Unprofitable places Abolished Patients who cannot receive necessary medical treatments
in the neighborhood will increase. 2. Health disparity becomes pervasive and quality of medial care becomes worse 3. Income of Japanese workers will decrease KEY PLAYERS Emergence and Proposals of TPP Implement binding and formal free trade policies in the Asian-Pacific region.
Foster APEC’s Free Trade Area of the Asia- Pacific (FTAAP)
Expect that reduction of all trade tariffs to zero by the year 2015
1. Living agreement
2. Eliminates both tariffs and other barriers to trade and investment.
4. Facilitates the production and supply chains across the region.
5. Cross-cutting trade issues:
TPP promotes regulatory coherence to make trade more efficient.
encourages competitiveness and business facilitation.
helps small- and medium- sized businesses to learn how to use these kind of agreements to participate in global trade.
supporting development in the TPP countries.
6.Trade Enhancing Access To Medicine:
Support to innovation and intellectual property protection of medicine
Development of strong and common standards to help drive access to medicine America actively promotes TPP which attempts to create the biggest economic region in the world.
Therefore, America may contain China by the influence of economic. offshore millions of American jobs,
free the banksters from oversight,
ban Buy America policies needed to create green jobs and rebuild US economy,
decrease access to medicine,
flood the U.S. with unsafe food and products,
and empower corporations to attack our environmental and health safeguards. TRANSPARENCY NEEDED!!! TRANSPARENCY AND PUBLIC INPUT Multilateral free trade agreement
9 Countries: United States, Australia, Brunei Darussalam, Chile, Malaysia, New Zealand, Peru, Singapore and Vietnam.
Originally an Economic Partnership between: BCNZS (P4) signed in 2005; negotiations launched at APEC 2002
"Enlarge the framework of relations among the Parties through liberalizing trade and investment and encouraging further and deeper cooperation to create a strategic partnership within the Asia - Pacific region" and
"Affirm their commitment to the Asia – Pacific Economic Cooperation (APEC) goals and principles" References: http://www.tppcoalition.org/USA.aspx
CRS Report US http://www.fas.org/sgp/crs/row/R42694.pdf