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Trans-Pacific Partnership (TPP): A Case Study

860 Words4 Pages

Trans-Pacific Partnership (TPP) is a trade agreement involving twelve countries across the pacific and backed with the United States. These 12 member states that join this trade deal are Australia, Brunei Darussalam, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, Vietnam, and United States. This deal is about setting rules on labors, the environment, and economics. This trade agreement collected about 40% of GDP from around the world and 20% of global trade. TPP is an agreement that is proposed by the United States in order to prevent China’s economic raising. The writer thinks that the Japan is the winner of this agreement because according to Mercantilism perspective, the winner on this agreement is an industry …show more content…

Mercantilism also said that in order to gain wealth a country should increase their national power. The writer thinks that Japan is the winner on the Trans-Pacific Partnership, Honda Motor Co. Ltd. company is the specific winner in this trade agreement. According to Honda data exports, Honda export data before and after join TPP increased. In total, the number of export reached 12.904 (December 2015) compare to the export data in December 2016 that the writer took from the same sources; it reached 15,448 units in total. The destinations of exports from Honda comprises of North America, United States, Europe, Asia but the biggest export is to Asia. Also, Japan has a quiet big influence to the world. In accordant with the data that the writer took from World Integrated Trade Solution website, Vietnam is a country that imports more than export. Vietnam has more than 100 import partners of machinery and transport equipment. The top partner countries that Vietnam imports include China, Republic of Korea, Japan, and the United States. According to the data, the biggest country that imports machinery and transport equipment from Vietnam is East Asia and Asia Pacific with the total of 55,724,494 units in

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