Trade Agreements With Mexico And South Korea Turned Out To Be Disasters For US: So Why Pursue TPP And TAFTA/TTIP?

Two massive trade agreements currently being negotiated -- TPP and TAFTA/TTIP -- could potentially affect most people on this planet, either directly or indirectly through the knock-on effects. Like all such agreements, they have been justified on the grounds that everyone wins: trade is boosted, prices drop, profits rise and jobs are created. That's why it's been hard to argue against TPP or TAFTA -- after all, who doesn't want all those things?

But given their huge impact, and the fact that trade agreements are also used to impose a range of policies on countries that are certainly not in the public interest there -- for example making it harder for generic drug manufacturers to offer low-cost medicines -- it seems reasonable to ask what the evidence is that entering into these agreements really does deliver all or even some of those promised benefits.

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