Question

1.Two decades ago when the United States entered into the North Amerrican free trade Agreement with Canada and Maxico, there was significant opposition from organized labor and some politicians.There does not seem to be the same level of opposittion to the TTIP Why do you think this is so?

2.The trans Pacific Partnership(TTP) has met with significant political resistance in the United State (see the opening case). while the TTIP has not (at least as yet). Why do you think this is the case?

Refer http://www.chegg.com/homework-help/creating-world-s-biggest-free-trade-zone-benefits-proposed-t-chapter-6-problem-1cdq-solution-9781259578113-exc

Answer 1

Government should not stop the flow of white-collar jobs going to other countries,but it should be something that is monitored so it does not get out of control. Toomany companies should not be offshoring high paying jobs just to pay a fraction ofwhat they could be paying an American to be doing in the United States. The moremoney put in U.S. citizens’ pockets, the more they will spend with will keep an evenflow for a growing economy.

Regulation

Much of the concern is about the regulatory aspect: that it would lead to lower standards of consumer and environmental protection and safety at work. A group of 170 European civil society organisations said in a statement that regulatory co-operation as envisaged in TTIP would result in "downward harmonisation".

There is also a concern that TTIP could undermine governments' right to regulate in the public interest. They say it will also give business groups a disproportionate influence over new regulation, and therefore, they argue, it is undemocratic.

Economic benefits

Others question the analysis behind claims that TTIP will be economically beneficial. Jeronim Capaldo of Tufts University in the US says the European Commission's study makes unrealistic assumptions about how easy it would be for workers who lose their jobs to find new employment. He argues that Europe would actually be worse off, in terms of economic activity, wages and government revenue.

Investment

There are also questions about whether a TTIP agreement would really stimulate more investment. A London School of Economics Study for the British Department of Business, Innovation, and Skills concluded that an investment chapter would be "highly unlikely to encourage investment above and beyond what would otherwise take place".

ISDS has generated a lot of heated opposition. One complaint is that it will discourage governments from regulating in the public interest. Olivier Hoedeman of Corporate Europe Observatory, a Brussels-based campaign group, said it would act as a "chill factor" on governments who would fear that business regulation might lead to protracted legal challenges and bills for compensation.