Positive and negative effects

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Paraphrase the text bellow in academic way.

The effects of the TPP agreement could have had both positive and negative effects. Most participating countries could benefit from the deal. However, there were fears that the pact could affect other countries who would lose to competitive states. Disproportionality in the trading aspect could have been witnessed. The countries that had dealt with the TPP countries were to lose affecting the trading patterns due to the marginalization created. Therefore, it is candid that the impact of the TPP on the global stage could have been both positive and negative (Pillai, Rasiah, & Williams, 2016). Whereas other countries stood to gain from the agreement others could lose too.

It will also affect the trade negatively because all of the member states have different currencies. Due to the stronger currencies such as the dollar, it may weaken some currencies because of international trade. This will be done so that the countries can get profits from exports.

Fooks, G., & Gilmore, A. B. (2013). International trade law, plain packaging and tobacco industry political activity: The Trans-Pacific Partnership. Tobacco control, tobaccocontrol-2012.

Reference no: EM132139134

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