Question

d. The Trans Pacific Partnership (TTP) met with significant political resistance in the United States when it was announced, (see the closing case to Chapter 6), while the TTIP did not. Why do you think this is the case?

Answer 1

Answer: The TPP could lead to income disparity and also increase in the prices of certain products.

Explanation:

The Trans-Pacific Partnership (TPP) was a free trade agreement that was made between the United States of America and eleven other countries. The TPP was between Canada, Vietnam, Japan, Peru Australia, Brunei, Mexico, Chile, Malaysia, New Zealand, Singapore and the United States.

The TPP was met with political resistance because it was believed that free trade agreements will lead to income inequality especially in high income countries as most of the gains gotten would go to employees with high income.

Also, the TPP protected patents and copyrights and this could have led to more income for the owners of intellectual property which could have led to a reduction in the availability of cheap drugs.