TPP – Trans-Pacific Partnership

The Trans-Pacific Partnership, or TPP, was a secretive, national trade agreement between 12 Pacific Rim countries, not including China, that would have extended restrictive intellectual property laws across the world and rewrite the rules on its enforcement. Intellectual property is any invention or product that results from an individual’s design, the individual has the right to the design which allows them to apply for a patent, copyright, etc. The TPP was designed to ease trade between the countries that ratify it, in a perfect world it would reduce tariffs, support the creation and retention of jobs, and promote good governance. Many, however feel that the TPP will only protect large corporations who have a lot of power already, due to the fact that the trade committees are made up of large corporation representatives. The TPP has been met with a lot of opposition from both sides of the political arena. This is due mainly to how complicated the agreement is. The document itself is 5600 pages long and encompasses topics from tariff barriers to currency manipulation. The Trans-Pacific Partnership is another topic of hot debate that has far more grey area than it does hard facts. It takes due diligence to be able to form a well rounded opinion of the agreement.

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