TPP Playground
11/10/15
America, Japan and the 10
countries in the Pacific Ring including Vietnam have achieved consensus on the
largest trade agreement within two decades.
The Trans-Pacific
Partnership is expected to bring many benefits and advantages to the poor
countries in this economic group with almost 40% of global GDP.
However, TPP with countries
like Vietnam is not only full of roses. TPP and the implementation process will
be able to appear many factors that change the rules.
The provision of labor will
lead to significant changes in economic activities in Vietnam after joining
TPP. Vietnam, the country with 186.2 billion GDP (as calculated by the World
Bank in 2014) must prove compliance with the standards of the International
Labour Organisation. According to an analysis in the Financial Times, countries
like Vietnam will apply methods to punish immediately those apply recruitment
fees may expose workers into debt. This certainly affects the labor export
activities if pursuant ways of recruiting of companies in Vietnam today.
According to Financial Times, the government of Vietnam will have to permit the
establishment of independent trade unions to protect the rights of workers.
TPP allows wider opening for
the key export items of Vietnam such as textiles and there will be more jobs.
Besides, domestic enterprises must play by the rules in compliance with labor
standards stricter, which some US senators including the MPs of the ruling
Democrats in the US always consider a card to carry out bargain whenever
campaigns related to Vietnam.
Vietnamese enterprises will
have to get acquainted more with the lawsuits, the campaigns and calls for investigation
to be launched from the professional associations and interest groups,
including political interests seemingly unrelated hearing.
TPP can be considered as an
open institution, not just limited within the 12 countries including Australia,
Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore,
the US and Vietnam. There are many other countries considering to join as South
Korea, the Philippines, Colombia, Cambodia ... Even China, the second largest
economy in the world, would be a member at any time, even if a lot of
specialists have made comments that TPP is an approach of Obama administration
to rotating shaft grip on Asia and China.
However, whoever under the
rules of the world, they are ready with a variety of situations.
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