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The two trans-oceanic pacts that would link us to Asia and Europe, though, would resurrect the momentum for a more comprehensive global agreement. They would also deliver considerable economic benefits. The Trans-Pacific deal (TPP) will boost U.S. annual gains by $77 billion, and Japan’s by $104 billion. The TTIP deal, by integrating markets in the U.S. and the EU, would generate $130 billion annually in economic gains for the United States, and $162 billion for Europe.
As such, it is estimated that TTIP will boost U.S. household incomes by $865 annually and create 750,000 new U.S. jobs, while TPP would generate about $1,230 per household by 2025–a great boost without a dime of deficit spending, and a strong bonus on top of the $10,000 annual income gains American households have already scored due to post-war trade opening.
This note reports on new simulations of alternative configurations of the TPP agreement. The
results confirm our earlier findings that the benefits of the TPP are reasonably large, but their
scale ultimately depends on whether large economies like Japan, Korea and eventually China
participate. A parallel note describes new scenarios calculated for the Asian track
originally posted by: Hoosierdaddy71
When exactly have these world trade agreements ever helped the United states?
originally posted by: seeker1963
a reply to: lostbook
I am not sure where or how your source came up with those figures?
So far the TPP has been highly secret with hardly any info at all about the specifics.
All I have seen is it clamps down on copyright violations and gives more power to corporations. But again, where is the information of this act and if it is so secret, why?
Other than that, IMO, if it was so great, not sure why the secrecy.......
If you can find anything about these actual trade agreements, please feel free to put them up. Otherwise, this article is baseless.
Here is a short video, but again, how do we know what is truth, when there is so much secrecy behind this?
Members of Congress have been provided with only limited access to the negotiation documents. Rep. Alan Grayson (D-Fla.) told HuffPost on Monday that he viewed an edited version of the negotiation texts last week, but that secrecy policies at the Office of the U.S. Trade Representative created scheduling difficulties that delayed his access for nearly six weeks. The Obama administration has barred any Congressional staffers from reviewing the full negotiation text and prohibited members of Congress from discussing the specific terms of the text with trade experts and reporters. Staffers on some committees are granted access to portions of the text under their committee's jurisdiction.
"This, more than anything, shows the abuse of the classified information system," Grayson told HuffPost. "They maintain that the text is classified information. And I get clearance because I'm a member of Congress, but now they tell me that they don't want me to talk to anybody about it because if I did, I'd be releasing classified information."
How and why the administration decides to make information classified has come under intense scrutiny in recent months, after the Associated Press learned that the Department of Justice had been monitoring the records of more than 20 phone numbers -- including the personal phones of reporters and editors -- as part of a government leak investigation. Edward Snowden's recent disclosures of two broad National Security Agency surveillance programs to The Guardian and The Washington Post have sparked a heated debate over what kinds of leaks should be prosecuted as criminal.
originally posted by: CharlieSpeirs
a reply to: lostbook
The Obama haters will be along soon to tell you that this means sod all, & the estimates will be questioned ferociously.
Personally, this is just as big as Russia's deals with China & India.
I speak to Helena Norberg-Hodge, an analyst of the impact of the global economy on cultures and agriculture & a pioneer of the localisation movement.