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Hoyt

(54,770 posts)
7. Obviously have not read the entire 788 page report, but the OP is a bit biased.
Thu May 19, 2016, 02:09 PM
May 2016

To me, the key is does the TPP help overall. In addition, there are non-economic advantages to tying countries together -- but those aren't addressed in the report. Try not to read the report with a Nationalist, America First, Screw-the-rest-of-the-world perspective.

Main Findings
The Commission used a dynamic computable general
equilibrium model to determine the impact of TPP relative
to a baseline projection that does not include TPP. The
model estimated that TPP would have positive effects,
albeit small as a percentage of the overall size of the U.S.
economy
. By year 15 (2032), U.S. annual real income
would be $57.3 billion (0.23 percent) higher than the
baseline projections, real GDP would be $42.7 billion
(0.15 percent) higher, and employment would be 0.07
percent higher (128,000 full-time equivalents). U.S.
exports and U.S. imports would be $27.2 billion (1.0
percent) and $48.9 billion (1.1 percent) higher,
respectively, relative to baseline projections. U.S. exports
to new FTA partners would grow by $34.6 billion
(18.7 percent); U.S. imports from those countries would
grow by $23.4 billion (10.4 percent).

Among broad sectors of the U.S. economy, agriculture
and food would see the greatest percentage gain relative
to the baseline projections; output would be $10.0 billion,
or 0.5 percent, higher by year 15. The services sector
would benefit, with a gain of $42.3 billion (0.1 percent) in
output
. Output in manufacturing, natural resources, and
energy would be $10.8 billion (0.1 percent) lower with the
TPP Agreement than it would be compared with baseline
estimates without the agreement.

Many stakeholders consider two new electronic
commerce provisions that protect cross-border data flows
and prohibit data localization requirements to be crucial
to the development of cross-border trade in services, and
vital to optimizing the global operations of large and small
U.S. companies in all sectors
.

TPP would generally establish trade-related disciplines
that strengthen and harmonize regulations, increase
certainty, and decrease trade costs for firms that trade
and invest in the TPP region. Interested parties
particularly emphasized the importance of TPP chapters
addressing intellectual property rights, customs and trade
facilitation, investment, technical barriers to trade,
sanitary and phytosanitary standards, and state-owned
enterprises.

Filed under NO SHit Sherlock Ferd Berfel May 2016 #1
Yes. You are right, F. B. JDPriestly May 2016 #3
And Hillary helped to write this piece of shit trade bill. ViseGrip May 2016 #2
Yep - and now she's triangulated around to publicly not liking it. Ferd Berfel May 2016 #4
But, but didn't Obama assure us he wouldn't agree to a deal that hurts us??? OMG!!! dmosh42 May 2016 #5
followed by putting Social Security back on the chopping block Ferd Berfel May 2016 #6
Obviously have not read the entire 788 page report, but the OP is a bit biased. Hoyt May 2016 #7
Here we go again. Al Franken sent me an e-mail to sign a jwirr May 2016 #8
Sounds wonderful! I think it's a re-print from the old Clintonian "NAFTA is wonderful"! dmosh42 May 2016 #9
Precisely Enthusiast May 2016 #12
Will we turn our backs on labor for the likely final time? nt silvershadow May 2016 #10
Kicked and recommended! "downward pressure on wages and benefits" Enthusiast May 2016 #11
Trade deals used to about trading goods between nations. jwirr May 2016 #14
It should be clear to everyone by now. But we are victims of a media blackout. Enthusiast May 2016 #15
99% 0f our media should take some time and go back to jwirr May 2016 #18
In other words, TPP is heaven for Republicans and Neoliberals. nt valerief May 2016 #13
Precisely. Enthusiast May 2016 #16
Why is this thing under consideration by any Democrat? JustABozoOnThisBus May 2016 #17
" ...the Environment chapter is fully subject to TPP’s dispute settlement process ..." pampango May 2016 #19
Kindly pimp your anti-worker propaganda elsewhere. Thanks. n/t brentspeak May 2016 #22
Kindly explain why an excerpt dealing with labor and environmental standards is 'anti-worker pampango May 2016 #23
Public Citizen Global Trade Watch--------------------- turbinetree May 2016 #20
KnR, OS! Dont call me Shirley May 2016 #21
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