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Why the Trans-Pacific Partnership (TPP) is the last thing the United States should do!

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opednews.com Headlined to H3 12/8/15

Author 39565

With the text released, the agreement does not hold up under scrutiny:

Labor rights - offers only false promises of progress.

Domestic manufacturing – TPP supports the global supply chains of multinational companies through continued outsourcing of production and offshoring of jobs.

Enforcement - No integrated enforcement measures, we need a system that ensures unfair trade practices will be dealt with forcefully.

Rules of origin language in the TPP will take us backwards, they would actually allow China or other countries outside of the TPP to provide a majority of the content.


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Currency manipulation will not be combatted in a meaningful way, practically ensuring this unfair, jobs- killing trade practice will continue.

And as time passes, TPP only get worse, with China, South Korea, Indonesia, Philippines and Thailand as just some potential entrants.
Read the rest of the story HERE:

At www.usw.org

 

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opednews.com

A seasoned financial professional, currently providing subject matter expertise on a variety of regulatory topics, including the Dodd-Frank Act, the Foreign Account Tax Compliance Act (FATCA) and overall compliance monitoring. He has previously held (more...)
 

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