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Assignment - Trans Pacific Partnership (TPP)

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Added on  2020-05-11

Assignment - Trans Pacific Partnership (TPP)

   Added on 2020-05-11

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Running head: EFFECT OF TRANS -PACIFIC PARTNERSHIP WITHOUT USEFFECT OF TRANS-PACIFIC PARTNERSHIP WITHOUT UNITED STATESName of the StudentName of the UniversityAuthors Note
Assignment - Trans Pacific Partnership (TPP)_1
1EFFECT OF TRANS-PACIFIC PARTNERSHIP WITHOUT USTable of ContentsIntroduction......................................................................................................................................3Effect of Trans Pacific Partnership (TPP) with or without USA.....................................................31.1 Impact on US consumers...........................................................................................................31.3 Impact on consumer of the 11 non-US parties to the TPP........................................................41.4 Impact on producer of the 11 non-US parties to the TPP..........................................................51.5 Elasticity of the demand and supply curve in the Agriculture industries..................................61.6 The effects of a tariff without TPP for Australia.......................................................................61.7 Consequences on Efficiency at the global level........................................................................62 Will the US eliminates trade deficit by withdrawing from the TPP and imposing traderestrictions........................................................................................................................................7Conclusion.......................................................................................................................................7References........................................................................................................................................8
Assignment - Trans Pacific Partnership (TPP)_2
2EFFECT OF TRANS-PACIFIC PARTNERSHIP WITHOUT USIntroductionThe study focuses on effect of trans –pacific partnership with or without USA. Trans –pacificpartnership refers to a free trade agreement among 12 countries that includes Canada, Chile,Japan, Mexico, New Zealand, Vietnam, US, Australia, Singapore, Peru and Brunei. The partiesunder TPP agreed to reduce non tariff barriers as well as tariffs on industrial and agriculturalgoods. Now, the present president of US has withdrew US from this TPP and this affected theboth the consumers as well as producers in the nation. This report however reflects on the impactof US consumers, producers, effect on tariff , demand and supply in agriculture industries. Effect of Trans Pacific Partnership (TPP) with or without USA1.1 Impact on US consumersTPP will adversely impact on the US consumer if the partnership moves without this nation. Itwill not protect as well as promote freedom of their choice and will lower the security as well asprivacy of the US consumer (Petri and Plummer 2012). In addition, it will increase the cost ofthe products that is mainly consumed by consumers of this nation. Even, the US consumers willnot reap any benefits from advancement of technology and innovation of products in the market.As TPP allows the US consumers in choosing innovative technologies that is available in globalmarket in order to protect their security, exclusion of this nation from TPP will adversely affectthe US consumers. Moreover, it will stop allowing the consumers in utilizing devices in variousmarkets. 1.2 Impact on US producers
Assignment - Trans Pacific Partnership (TPP)_3

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