The Cato Institute
held an event today releasing an abstract
of a forthcoming paper entitled “Should
Free Traders Support the Trans-Pacific Partnership (TPP)?” Yes, free
traders should support TPP and so should Congress!
TPP would expand
global trade by eliminating roughly 18,000 tariffs that member countries
have imposed on imports from the United States, lifting millions of people out
of poverty around the world. By removing these trade barriers and others
imposed by the United States, TPP would allow consumers and entrepreneurs in all member countries to enjoy more economic activity and lower prices than what the status quo offers.
From an
intellectual property perspective, TPP would establish strong protections of IP
rights in member countries, allowing artists and entrepreneurs around the globe to earn a return
on their creative works and the labor that makes them possible. U.S leadership regarding strong IP rights protections will incentivize more investment, innovation, and economic growth at home and abroad.
See my July
2015 blog on how multilateral trade agreements create global IP
protections.
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