Reference no: EM133699850

International trade agreements are often written from a legal vantage point with language that may not be easily understood by all stakeholders. This might result in misinterpretations of the agreement by the various stakeholders and unexpected and/or unintended second- and third-order effects. For example, an international trade agreement may inadvertently put an industry at risk between one of the signatories. The Trans-Pacific Partnership (TPP) is a policy instrument which has personnel and organizations that support the agreement, but also groups that vehemently oppose it.

You have just been elected to the U.S. Congress and appointed to sit on a committee to evaluate whether the U.S. should sign on to the Trans-Pacific Partnership (TPP). You are the junior member on the committee and have been tasked with developing a list of pros and cons for the TPP.

1. Provide the top three pros and three cons for the TPP. Explain why you feel each pro/con is significant enough to warrant discussion within the congressional committee.
2. Analyze the TPP using one of the trade theories explored in this module. You should specifically address whether the TPP would violate any of the theories key aspects.
3. Provide your recommendation and rationalization to the committee, on whether the U.S. should sign on to the TPP. Assume that the U.S. has not yet decided whether to join or not.