TestTube TPP - Is it the secret treaty that could ruin the world?

[gpatt0n]

The Obama administration fast tracked the Trans-Pacific Partnership (TPP), eliminating Congress' ability to edit it. So, what is so scary about the TPP? Learn More: Secret Trans-Pacific Partnership Agreement (TPP) - Investment Chapter https://wikileaks.org/tpp-investment/... "WikiLeaks releases today the "Investment Chapter" from the secret negotiations of the TPP (Trans-Pacific Partnership) agreement." Race to the Bottom: How Outsourcing Public Services Rewards Corporations and Punishes the Middle Class http://www.inthepublicinterest.org/si... "As state and local governments outsource important public functions to for-profit and other private entities, what happens to the quality of life for the workers who provide these services, and the communities in which they live?" The president wants to 'fast track' two massive trade deals. Congress should slow him down. http://www.latimes.com/opinion/op-ed/... "President Obama is asking Congress to grant him trade promotion authority, the ability to "fast track" two massive trade deals with Europe and Asia: the Trans-Pacific Partnership and the Transatlantic Trade and Investment Partnership." The Obama administration's illusionary job gains from the Trans-Pacific Partnership http://www.washingtonpost.com/blogs/f... "The Fact Checker frequently warns readers to be wary of claims by politicians that various policy initiatives will yield tens of thousands of jobs."

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[AcworthDad]

My biggest concern is that the Japanese will not reciprocate in the auto industry. Virtually no US cars are sold in Japan relative to the number of Japanese cars sold here:

 

1. Japan, the 3rd largest automobile market in the world, after China and the U.S., is also the industrialized world’s most closed and protectionist market. x It ranks 30th out of 30 of the OECD countries in measuring access for imported autos; x Total auto imports to Japan from the world measure only 3.9% of the market. In other words, Japanese automakers control 96% of their domestic auto market; x Although maintaining the most closed automotive market in the industrialized world, Japan has consistently exported over 40% of its car and truck production, exporting nearly 60% (6 of every 10 cars and trucks manufactured) in 2008, with the majority going to North America and Europe. x Since 2000, US exports to Japan 183,000 versus 16.3 million vehicles exported from Japan to the United States; x These millions of cars as well as automotive parts exported from Japan represented over 70% ($52.1 billion of the total ($72.7 billion) US-Japan automotive trade deficit in 2008. In contrast, US automakers have been limited to exporting only 183,000 cars and trucks to Japan since 2000. x By anyone’s common sense standard – whether an economist, policymaker, marketing specialist, consumer or layman, this is not evidence of an open market, but a rigged market.

 

http://americanautocouncil.org/sites/default/files/Japans%2BProtected%2BAuto%2BMarket.pdf

 

Unless trade becomes a two way street, I am very skeptical of TPP.