Transpacific Treaty: what is it?

In all sites, blogs and newspapers reported the signing of the Treaty Transpacific. But you're probably wondering what this is? What are the benefits? Why Brazil did not participate? And that could harm Brazil? To help you better understand, made a resuminho for you to be inside of it. Check out! 

 

What is it?

    After nearly five years of negotiation between Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, United States and Viet Nam announced the day 05 October called Transpacific free trade Treaty (TPP).

 

When it comes into force?

For the Treaty to enter into force, the congresses of the countries signatories need to authorize the transaction. The Congress of the United States, for example, this Republican majority, must ratify the rules of the agreement so that the TPP between in force in the country.

 

What are the benefits?
In practice, when the Treaty enters into force, the countries will eliminate tariffs for sale of goods and services. He also will address not only the reduction of tariff and technical barriers to imports, but also addressing topics of environmental law, labor law and intellectual property, allowing all members to participate in commercial transactions on equal terms. The agreement between these 12 countries may reshape industry and influence everything from the price of cheese at the cost of cancer treatments.

 

Why Brazil did not participate?
According to the former Ambassador of Brazil in the us, Rubens Barbosa said

"Brazil is not interested in this kind of deal. Took positions to misguided emphasis to South-South policy (political and economic exchanges between developing countries) "

Today business consultant and President of the High Council of the foreign trade of Fiesp, Barbosa still complete.

"Brazil is even more marginalized from these deals that will redraw the foreign commerce."  


The new block provides for the entry of new members, which does not mean that a possible accession may change course Brazilian without major consequences. "If Brazil wants to get in now, he will have to submit to the rules as they are. It's hard to adhere to an agreement that already exists, "said Bonomo.

 

And that could harm Brazil?

Exporting primary products markets Brazilians today, such as poultry meat and agricultural products, tend to reduce the purchase of Brazilian products, because they will be here more expensive to consumers by not having the same benefits that products produced in the environment of the TPP.

' Brazil went to great lengths recently to meet the Asian market of chicken, but now these countries may begin to focus on trade between them. " Says José Luiz Pimenta, a professor at ESPM foreign trade specialist.

 

We hope you have gotten more clear to you what it is, what it's about and how this Agreement can achieve their sales, imports or production. To learn more about the subject, we indicate the following matters:

 

See April: http://tinyurl.com/oyd8y8zz

 

Sheet: http://tinyurl.com/pzjjd38

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