Well, overall, the trade agreements are beneficial for all the participating countries. These agreements allow the member states put the products and services their competitiveness to the market of the other Member States (normally this can not do it because of this import duty, import quotas or other trade barriers). Most developed countries impose it on developing countries in act of dumping, u can easily find example online.
Generally, trade agreements benefit the developing countries. developing countries sell all that they can sell, and developed countries can buy all the things developing countries sell. But developed countries can only sell what developing countries can afford to buy.
So in general, the United States must weigh the trade agreements than Vietnam was
- But, of course, trade agreements can include provisions such as ISDS allow foreign companies to flank attack of the legislation system of a country, and this is what VN must trying to avoid. Traditionally, in the trade agreement, only the governments of the countries signed agreements (or representative government) can take action. In recent years, some provisions ISDS has allowed private companies from countries that signed the agreement to take action and sued government, although the company is not a member sign join the pact.
-These terms ISDS really help companies have the power to manipulate them as a weapon to put pressure on the governments of developing countries, forcing them to obey. A powerful company, with the profit motive, certainly will sue, or threatening event, the government of a developing country for issued the regulations, or the promulgation of new regulations, against the profit and the company's interests. Phillip Morris Group is conducting such activities in Australia and Uruguay
-Interestingly, many American intellectuals protest ISDS clauses because, I think, they are afraid to have the case against the American legal system. I also said that they do not want American companies pinched developing countries around the world (Hillary Clinton and Joseph Stiglitz is typical for such intellectual). Ethical thought that come from higher strata of American intellectuals made me admire them.
- In the framework of the TPP agreement, Vietnam can achieve many benefits from the export of textiles,coffee seafood and fruit, and also can damage the meat industry and fodder.in agriculture sector
- In terms of industrial products and high-tech products, Vietnam currently has to import many products related to high-tech industries and lesser extent industrial product, and the TPP, the US could increase competitive strength in these two areas Vietnam market.
- Events of products and services in Vietnam go abroad, according to the FDI flows move (foreign direct investment) or other pathways, such as import, Vietnam will benefit because at least it also helps train the sophisticated skills and labor complex for Vietnam. Also, it help to raise education level and competitiveness of labour, also their productivity
- Terms relating to pharmaceuticals - stop or reduce the original drug (generic drugs) to treat serious diseases - would have negative impacts on people around the world, including developing countries bear the greatest impact.
-And also the intellectual property term may harm Vietnam in development path as she still developing countries. Overall, benefit still outweigh cost
- When agreement take place, those pharmaceutical, intellectual property, ISDS and Rule of origin will be ease in Vietnam at least 3-10 years before it apply to Vietnam, so government need to make plan to reap max benefit ofc before it take action as agreement with US
-Lastly, outside TPP, Vietnam also negociate other trade deal with other countries in other path of the world. She was member of many trade deal organisation that will take place in future
Don't know why many think it is like alliance agreement
, . It doesn't inclade security and military sector. It was basically trade deal, Chinese members no need to have such paranoid, it just cover economic side
you really think this a proud achievement?
