Pro and con on Trans-Pacific Partnership | Arkansas Blog

Friday, March 18, 2016

Pro and con on Trans-Pacific Partnership

Posted By on Fri, Mar 18, 2016 at 2:17 PM

click to enlarge NO TO TPP: Conner Eldridge at closed appliance plant in Fort Smith.
  • NO TO TPP: Conner Eldridge at closed appliance plant in Fort Smith.
Two releases in one day from Arkansas sources on the Trans-Pacific Partnership.

Pro: From the Little Rock Port Authority.

It announced that former U.S. Trade Representative Ron Kirk will talk about the TPP and global trade at 11:30 a.m. Tuesday at Philander Smith College. Said a release from Bryan Day, director of the port:

The TPP is a 12-nation (Australia, Brunei Darussalam, Canada, Chile, Japan, Malaysia, New Zealand, Peru, Singapore, United States, and Vietnam) trade deal. Together, these countries represent 800 million people and generate nearly 40% of the world’s Gross Domestic Product (GDP).

So why does the TPP matter to Arkansas - the Natural State’s export shipments of merchandise in 2013 totaled $7.2 billion. From 2011 to 2013, Arkansas exported $3 billion annually in goods to all TPP markets. During that time period, almost half of the state’s total goods exported went to the TPP region.
Con: From Conner Eldridge, Democratic candidate for U.S. Senate:

Eldridge said he is concerned about the trade deal’s impact on working people in Arkansas, farmers and the state's economy. Eldridge made the announcement from Fort Smith, a community that has been hit hard because of jobs being shipped to other countries, particularly manufacturing jobs.

“I support trade that is fair to all Arkansans, which is why I oppose the Trans Pacific Partnership in its current form. The Trans Pacific Partnership fails to address currency manipulation by other countries, it stands to raise the price of prescription drugs on our seniors, and I have serious concerns about its impact on working families and Arkansas farmers, particularly our state’s rice farmers."

He quoted a rice farmer, the AARP  and auto companies as having concerns about the deal.

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