Fynsa
The TPP11 faces the most favorable political scenario for its approval in recent years. The result of the plebiscite, the need to reactivate the economy and a public opinion less permeable to the myths and fake news surrounding the Agreement put the TPP at its best moment for ratification.
The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP or TPP11) is the most modern and deepest agreement in the Asia-Pacific area, the center of gravity of the world economy and where the world economy is concentrated.center of gravity of the world economy and where Chile has doubled its exports in 30 years. Chile has doubled its exports in 30 years.. The Treaty not only refers to tariff aspects, but also to a set of regulatory issues that reflect the new realities of the world economy: services, digital market, global value chains, and higher environmental and labor standards.
The advantages of the TPP11 are clear. At the trade level, it improves access to nearly 3,000 products that previously did not enjoy tariff preferences, such as agricultural, dairy and seafood products - such as agricultural, dairy and seafood products - especially in markets such as Japan, Canada and Vietnam. Japan, Canada and Vietnam.
Second, establishes common rules for a market of nearly 500 million people representing 13% of the world's GDP.l. Third, it incorporates modern rules that are not contained in Chile's bilateral agreements with the TPP countries, such as those with Japan and Vietnam, signed more than a decade ago, such as with Japan and Vietnam, signed more than a decade ago.
In any case, the opportunities are also geopolitical Does the country want to be at the table where the future rules of the most dynamic economic zone in the world are being defined? It is no coincidence that this has been understood by the 8 countries that have already ratified the Agreement (only Malaysia, Brunei and Chile remain), but also by many others that want to join, such as the United Kingdom, Korea, Uruguay and China itself. In addition, for Chile it allows it to diversify its insertion into the world economy, for Chile it allows it to diversify its global economic insertion, which is highly dependent on the Chinese and American markets, which account for half of our trade. which account for half of our international trade. Precisely, the TPP does not currently include the two powers.
Encouraged by an ideological bias against free trade agreements, opponents have tried to install myths that one by one have been demolished. The last of them is that the TPP11 would affect Chile's sovereignty, which is not true. The Agreement does not compromise Chilean sovereignty.The Agreement does not compromise Chilean sovereignty, but rather generates the obligations for the State inherent to any international agreement that generates reciprocal commitments and rights. In addition, the mechanism for resolving investor-State disputes are the same international arbitration instances of other agreements signed by Chile. Finally, the TPP itself11 explicitly states that the State can establish its own regulations and public policiesThe TPP itself11 explicitly states that the State can establish its own regulations and public policies, as New Zealand did with its foreign investment reform, Japan with its medication law or Mexico with its labor reform. In no case was the Agreement an obstacle.
Unlike in the past, a majority of the political class, a sector of the government and, most importantly, public opinion, are more aware of the need to reactivate the Chilean economy and are less susceptible to ideological slogans against this agreement. Not signing it would only be an ideological whim that would end up costing the country's reputation dearly.
