The United States’ efforts to increase exports, boost productivity and gain additional access to foreign markets has resulted in its entry into two large region-wide free trade negotiations.
Per the request of one of ITE’s readers, this post will provide a comparison of both free trade agreements in one location.
What agreements are currently being negotiated by the United States?
The United States is negotiating two agreements at the same time. They are as follows:
- Trans-Pacific Partnership Agreement (TPP)
- Transatlantic Trade and Investment Partnership Agreement (T-TIP)
Why should I care about the TPP and T-TIP?
These agreements are not just about eliminating tariffs on imports from member countries. Rather, negotiators are also discussing non-tariff measures that have an effect on our daily lives such as the consumer protection, data privacy and copyright law.
So all consumers of food, drivers, computer users and writers should have an interest in what rules pertaining to food safety, intellectual property, etc. are put in place during these international trade negotiations. (See Transatlantic Trade and Investment Partnership: The Regulatory Part)
Transparency has been a common critique of these two agreements though. (See Stopping the Trans-Pacific Partnership: Global Revolt Against Corporate Domination)
What other countries are negotiating with the United States?
TPP – Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, and Vietnam
T-TIP – 28 members of the European Union (Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, United Kingdom)
How do they compare/contrast?
Watch out for my next post about the Canada-EU free trade negotiations.
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