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Answer:
Helping protect human rights in the workplace.
Giving Asia-Pacific producers access to a bigger market.
Boosting the export of American products in Asia-Pacific nations.
The Trans-Pacific Partnership (TPP) is a proposed trade agreement between Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, Vietnam, and the United States. It was not ratified as required and did not take effect.
The agreement contained measures to lower tariffs to trade, as well as to establish an investor-state dispute settlement mechanism. The United States hoped that the agreement would give Asian-Pacific producers access to a larger market, while at the same time boosting the export of American products in Asia-Pacific nations.
In terms of human rights, the TPP prohibited child labor and forced labor. It also prohibited employment discrimination and ensures the right to collective bargaining.
The outcomes the United States expected from the Trans-Pacific Partnership are giving Asia-Pacific producers access to a bigger market, and boosting the export of American products in Asia-Pacific nations.
What was Trans-Pacific Partnership (TPP)?
TPP is an agreement in the area of trade that facilitated small businesses to sell their products more quickly in the bigger market. It granted benefits to member nations in terms of lower cost, enhanced cash flow, and certainty in business income.
Therefore, the US got an advantage from lower tariffs that increased their exporting activities in different nations.
Learn more about US trade agreements here:
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