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  • 2019.11.11 Monday
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  • by スポンサードリンク

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Prospects for the TPP

 

 On November 21st, President-elect Donald Trump released a video outlining his policy plans for the first 100 days in the White House, including withdrawing the U.S. from the Trans-Pacific Partnership (TPP) trade deal. The TPP is deadlocked unless it is modified to exclude the U.S.  

                                                           

 In order to make the TPP go into effect, there are 2 requirements they must fulfilled:                                                 

1) at least 6 out of 12 members must ratify it.                                   

2) The members who ratify the TPP must account for at least 85% of the GDP of all members’.                                                                     

As of 2014, the U.S. accounted for 62% of the total GDO, and Japan, 16%. Hence, unless the U.S. ratifies it, the TPP cannot take effect.       

                                                           

 The other presidents, prime ministers, and politicians are lamenting Donald Trump’s decision. I believe, however, his decision was quite fortunate for Japanese citizens.   

                                                           

 The TPP was intended to greatly benefit the U.S. and its large corporations even though it would hurt American workers. Intellectual properties bring the U.S. far more export revenue than cars and farm produce. Therefore, the U.S. insisted that the duration of copyright be extended to 70 years although the World Property Organization (WIPO) recommends the term to be 50 years past the death of the author. The U.S. often insists that it is the “global standard,” but is, in fact, trying to impose corporate welfare on the world.    

                                                            

 Also, the U.S. often advocates “fairness”, but, in reality, means “advantageous to the U.S.” The Investor-State Dispute Settlement (ISDS) clause is far from fair. In the case of NAFTA, American companies brought 28 cases against Canada and 19 cases against Mexico before the International Center for Settlement of Investment Disputes, and won in all the cases. On the contrary, 19 Canadian or Mexican companies sued the U.S., and were defeated in all the cases. The U.S. has always won in all 66 cases and has never been defeated. This appears to be clearly unfair.   

                                                           

 In terms of food security, the TPP is very hazardous. Most Japanese consumers try to avoid buying genetically modified foods. However, “Genetically Modified” is prohibited from specifying so that the U.S can largely export GM foods to Japan. Consumers are deprived of the right to choose what to eat.   

                                                           

 Medical treatment might face a crisis the Non Violation Complaint clause. In Japan, under the national health insurance program, all Japanese citizens can get medical treatment at reasonable prices while a quarter of Americans have no health insurance, and the medical fee is 6 times higher than Japan. In the U.S., the majority of medical fees are inflated due to excessive legal fees and lawsuits. Since American insurance companies desire to sell their insurance policies in Japan, the U.S. might sue Japan to abolish the public insurance program even though Japan does not violate any clauses.   

                                                           

 Mexico and some other members hope the TPP takes effect without the U.S. In that case, Japan should take the initiative in abolishing or drastically revising all unfair or unreasonable items because Japan is uncomparablly significant among the rest 11 members. It will be a good chance for Japan to construct a fair trade framework.   

                                                           

 Instead of the TPP, Donald Trump plans to form several bilateral trade agreements. He is such a competent businessman that Japanese politicians will not be able to compete with him. In order to avoid a supposedly “fair” agreement which is advantageous to the U.S., Japan had better exemplify a fair trade framework with the revised TPP. It will also benefit the other members to compete with the U.S.    

                                  


スポンサーサイト

  • 2019.11.11 Monday
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  • 19:21
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  • by スポンサードリンク

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