本文发表在 rolia.net 枫下论坛Why the TPP is such a big—and good—deal for Canada (为啥“泛亚太经贸网”对加拿大有这么多好处?)
Yes, there will be costs. But on average, we can expect TPP trade liberalization to deliver higher productivity, higher GDP, and higher incomes to Canadians (是的,加拿大加入后,会付出代价(呼啦啦语:“天下没有免费的午餐,干啥都得付出代价,难道不是?”), 但是,总的来说, 加拿大可以提高生产力,可以有更高的GDP,同时,也可以给加拿大人带来更高的收入。)
以下是英文全文 (详情请打开连接):
On October 4th, 1987 negotiators completed the Canada-US Free Trade Agreement. Exactly 28 years plus a day later, 12 countries agreed to form the Trans-Pacific Partnership (TPP for short). This is a big deal. The TPP will include Australia, Brunei, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, United States, and Vietnam. Together, they account for about 40 per cent of global GDP and over 800 million people. The 12 countries are projected to grow even larger and account for 50 per cent of global GDP by 2050. It’s no exaggeration to call this the largest free trade deal in the world.
So, what’s in the TPP? As there are way (way) too many aspects of the deal to cover in one post, I’ll try to summarize the key changes that may find their way into the current election campaign. For interested readers, though, a technical summary is available here.
What the TPP won’t do
Let me start by saying what is not part of the TPP. There will no doubt be many misleading claims over the coming weeks about this deal, and it is useful to head them off right from the start.
It won’t lead to the privatization of crown corporations like Canada Post or Via Rail. It won’t undermine the ability of the Canadian government to subsidize Canadian cultural industries. In fact, the CBC and Telefilm Canada are specifically exempt from the provisions governing State-Owned Enterprises.
The TPP also won’t constrain governments from tackling environmental challenges. This point deserves more attention. Naomi Klein recently claims that TPP will limit the ability of countries to take action on climate change. This is just silly. Carbon taxes are in no way a violation of anything in the TPP deal. Similar charges are levelled against NAFTA, overlooking the fact that B.C. has a carbon tax which doesn’t violate anything. B.C.’s approach is perhaps the world’s best example of good environmental policy that we should all think carefully about—and one that (hopefully) Alberta will adopt very soon (though again, a topic for another day). TPP does nothing to prevent this.
Related: Maclean’s in-depth primer on the TPP, one of many election issues
Finally, one will also no doubt hear that TPP will increase drug costs. This is false, but there was indeed the potential that this could have been true. One of the main sticking points, primarily between Australia and the United States, was the length of monopoly status afforded to prescription drug companies when they bring out a new drug. For a drug to receive government approval, it must submit a large quantity of data. This data is useful to competitors, such as generic drug companies, when they produce competing drugs. So-called “data protection periods” prevent these competitors from using the original data. (A great Bookings Institute backgrounder on Prescription Drugs and the TPP is here.)
In the United States, this period is 12 years. In Canada, it is 8. In Australia, it is only 5. The US wanted longer periods, while most other countries wanted shorter. The longer the period, the longer the monopoly status of the original drug manufacturer, the longer the drug’s price remains high, and so on. There are some who label the exclusivity periods the “Death Sentence Clause.” That is a little over the top, but it would have certainly increased healthcare costs.
What does TPP do? The countries agreed on a five-year period, as Australia was demanding. As Canada already has a longer period than this, the TPP doesn’t change much at all from our perspective.
What the TPP will do: Lower trade barriers
Let’s get to the heart of the deal: trade liberalization. The TPP will lower tariffs as well as lower non-tariff technical barriers almost across the board. There are far (far) too many changes to list. There are roughly 18,000 tariff lines in the United States that will change for TPP countries. Canada has even more, with about 19,500 tariff lines. (A user-friendly download facility through the WTO is available here.) In time, almost all tariffs on goods and services going in and out of these 12 countries will fall to zero.
Consumers are the big winners here. All too often we focus on lower tariffs for Canadian producers when they export abroad. But we must not forget that lower import tariffs mean lower prices for all of us on the goods and services that we buy. Lower prices means our incomes can go further and our standards of living increase.
How large are the tariff changes likely to be? There is huge variation across products, but in the graph below I plot the simple average tariff rates for TPP countries that we don’t already have a trade agreement with.更多精彩文章及讨论,请光临枫下论坛 rolia.net
Yes, there will be costs. But on average, we can expect TPP trade liberalization to deliver higher productivity, higher GDP, and higher incomes to Canadians (是的,加拿大加入后,会付出代价(呼啦啦语:“天下没有免费的午餐,干啥都得付出代价,难道不是?”), 但是,总的来说, 加拿大可以提高生产力,可以有更高的GDP,同时,也可以给加拿大人带来更高的收入。)
以下是英文全文 (详情请打开连接):
On October 4th, 1987 negotiators completed the Canada-US Free Trade Agreement. Exactly 28 years plus a day later, 12 countries agreed to form the Trans-Pacific Partnership (TPP for short). This is a big deal. The TPP will include Australia, Brunei, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, United States, and Vietnam. Together, they account for about 40 per cent of global GDP and over 800 million people. The 12 countries are projected to grow even larger and account for 50 per cent of global GDP by 2050. It’s no exaggeration to call this the largest free trade deal in the world.
So, what’s in the TPP? As there are way (way) too many aspects of the deal to cover in one post, I’ll try to summarize the key changes that may find their way into the current election campaign. For interested readers, though, a technical summary is available here.
What the TPP won’t do
Let me start by saying what is not part of the TPP. There will no doubt be many misleading claims over the coming weeks about this deal, and it is useful to head them off right from the start.
It won’t lead to the privatization of crown corporations like Canada Post or Via Rail. It won’t undermine the ability of the Canadian government to subsidize Canadian cultural industries. In fact, the CBC and Telefilm Canada are specifically exempt from the provisions governing State-Owned Enterprises.
The TPP also won’t constrain governments from tackling environmental challenges. This point deserves more attention. Naomi Klein recently claims that TPP will limit the ability of countries to take action on climate change. This is just silly. Carbon taxes are in no way a violation of anything in the TPP deal. Similar charges are levelled against NAFTA, overlooking the fact that B.C. has a carbon tax which doesn’t violate anything. B.C.’s approach is perhaps the world’s best example of good environmental policy that we should all think carefully about—and one that (hopefully) Alberta will adopt very soon (though again, a topic for another day). TPP does nothing to prevent this.
Related: Maclean’s in-depth primer on the TPP, one of many election issues
Finally, one will also no doubt hear that TPP will increase drug costs. This is false, but there was indeed the potential that this could have been true. One of the main sticking points, primarily between Australia and the United States, was the length of monopoly status afforded to prescription drug companies when they bring out a new drug. For a drug to receive government approval, it must submit a large quantity of data. This data is useful to competitors, such as generic drug companies, when they produce competing drugs. So-called “data protection periods” prevent these competitors from using the original data. (A great Bookings Institute backgrounder on Prescription Drugs and the TPP is here.)
In the United States, this period is 12 years. In Canada, it is 8. In Australia, it is only 5. The US wanted longer periods, while most other countries wanted shorter. The longer the period, the longer the monopoly status of the original drug manufacturer, the longer the drug’s price remains high, and so on. There are some who label the exclusivity periods the “Death Sentence Clause.” That is a little over the top, but it would have certainly increased healthcare costs.
What does TPP do? The countries agreed on a five-year period, as Australia was demanding. As Canada already has a longer period than this, the TPP doesn’t change much at all from our perspective.
What the TPP will do: Lower trade barriers
Let’s get to the heart of the deal: trade liberalization. The TPP will lower tariffs as well as lower non-tariff technical barriers almost across the board. There are far (far) too many changes to list. There are roughly 18,000 tariff lines in the United States that will change for TPP countries. Canada has even more, with about 19,500 tariff lines. (A user-friendly download facility through the WTO is available here.) In time, almost all tariffs on goods and services going in and out of these 12 countries will fall to zero.
Consumers are the big winners here. All too often we focus on lower tariffs for Canadian producers when they export abroad. But we must not forget that lower import tariffs mean lower prices for all of us on the goods and services that we buy. Lower prices means our incomes can go further and our standards of living increase.
How large are the tariff changes likely to be? There is huge variation across products, but in the graph below I plot the simple average tariff rates for TPP countries that we don’t already have a trade agreement with.更多精彩文章及讨论,请光临枫下论坛 rolia.net