Tuesday, May 23, 2017

Business

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The Trans-Pacific Partnership, known as TPP, will move forward without the involvement of the United States as President Donald Trump signed an executive order withdrawing the U.S. from the trade deal.

TPP was the deal brought up frequently by both Donald Trump and Bernie Sanders throughout the campaign season.

But what is TPP?

The Trans-Pacific Partnership is an agreement that covers several topics such as human rights, labor standards, government corruption, the environment, and most importantly intellectual property.

Critics of TPP, say the increased restrictions on intellectual property within the deal benefit only large corporations and stifle innovation and creativity.

The intellectual property clauses within the deal would extend copyrights by another twenty years and tighten the Digital Rights Management programs, taking privacy from end users.

However, the biggest downfall of the TPP is that the largest abuser of intellectual property, human rights and the environment did not agree to the terms.

That’s right, China refused to be part of TPP, making the trade deal meaningless to the world.

Trump also plans to change the 1993 NAFTA agreement between Canada, the United States and Mexico.

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