Advantages And Disadvantages Of TPP Negotiation

Between Prime Minister Datuk Seri Najib faces a reversal of the Trans-Pacific Partnership, or TPP, a new international economic agreements, such as the USA, Japan, the developed countries, the last best chance to lock in the process, Canada, Australia and other countries relations unequal trade in developing countries such as Malaysia.

TPP negotiations now, I hope this is the last to enter into this agreement. Political leaders in the interest of the people and the country will have to negotiate.

But the reality is that the special interest of the company - in other places, like the United States - have been given too much influence to negotiate. The agreement will not only further reduce tariffs and quotas, forcing agencies, legal, judicial

It is less clear why they are, as the Malaysian economy is expected to recover losses such transactions.

In normal circumstances, the negotiations believe one thing to get something else in return. But with the TPP, it is not clear whether the horse will get.

UNCTAD, UNCTAD, economic forecasts, Malaysia is a net exporter of operating expenses the franchisee will lose the difference in TPP, Malaysia and the value of imports, the trade balance between the production of annual reduction of $ US 18 billion (RM75 billion) as a result of the transaction. In other words, the economy is the most direct measure TPP will make more difference in Malaysia.

Trade agreements are not free trade agreements, and manage trade agreements, usually for the benefit of commercial interests.

Although the name Trans-Pacific proposed a "partnership", which is a special kind of partnership, one country, the United States, said that most of the shoot, so at least be "friends" may be necessary to ensure compliance with corporate and other special

However, the TPP would be a dangerous profession in Malaysia is the tip of the iceberg. Other features make it more liberal and more important.

First, the TPP would limit members of the government - including Israel - from the rest by regulations to protect public health, safety and the environment, or in the public interest.

This is because the TPP will lead to investor-state dispute settlement (ISDS) mechanism that allows foreign citizens to sue governments when they believe that the rules will affect their profitability. Private arbitration is legally binding, although the results were contrary to the law of the country.

The company expects its loss of profit, in the past as compensation not only for investment, although sales operating profit for the murder, if you do not involve discrimination provisions of the product.

ISDS mechanisms mentioned, protection of investments, which is an international company interests nonsense: They asked the European countries, each property as a legal system similar provisions in the United States a good