🧍Case Study - TPP, TTIP, G7 & G20

Question 1

What does TPP stand for?

Answer 1

Trans Pacific Partnership

Question 2

What is TPP?

Answer 2

A free trade agreement between 12 countries including USA, Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam

Question 3

What does TPP aim to do?

Answer 3

Deepen economic ties between the nations, slash tariffs and boost growth by fostering trade

Question 4

How was the TPP agreement designed?

Answer 4

So it could eventually form a single market like the EU

Question 5

What is TTIP?

Answer 5

Transatlantic Trade and Investment Partnership

Question 6

How did Trump’s election affect TPP?

Answer 6

Due to his protectionist views, he stopped US participation in the deal, a major requirement

Question 7

Why had TPP been criticised?

Answer 7

For its lack in transparency of negotiations

Question 8

What topics did TPP negotiate on?

Answer 8

Investment, patents and copyrights, financial regulation and labour/environmental standards

Question 9

Why did Obama favour TPP?

Answer 9

It would increase the US influence in the Asia Pacific region where China is a growing influence

Question 10

Why were people against TPP?

Answer 10

It was seen as a secretive deal which favoured big businesses and other countries at the expense of US jobs and national sovereignty

Question 11

What would be the combined population of TPP countries?

Answer 11

800 million

Question 12

What percentage of world trade would TPP be responsible for?

Answer 12

40%

Question 13

How did the US pulling out affect TPP?

Answer 13

The agreement could not be ratified as conditions were not met, and the agreement cannot carry on without the US and its 250 million population

Question 14

What is the aim of TTIP?

Answer 14

To cut tariffs and regulatory barriers for big business including food safety law, environmental legislation, banking regulations etc, between the US and EU

Question 15

What type of agreement is TTIP?

Answer 15

Bilateral trade agreement

Question 16

Which NGOs are against TTIP and why?

Answer 16

Friends of the Earth, because it will give more power to large TNCs, above that of governments

Question 17

What do opponents of TTIP believe?

Answer 17

That it will undermine democracy and social provision in both regions and it will threaten public services like the NHS

Question 18

What is Investor State Dispute Settlement within TTIP?

Answer 18

Gives large corporations the ability to sue EU governments and their taxpayers if their profits are affected by changes to government policy

Question 19

How would TTIP threaten the NHS?

Answer 19

TTIP makes NGOs and TNCs more powerful, while governments lose power, so if public services became privatised due to lack of power and funding, the NHS would decline and TNCs would become richer than goverments

Question 20

Who sets the G7 guidelines?

Answer 20

The IMF

Question 21

What are the conditions set to be in the G7?

Answer 21

High net national wealth and high HDI

Question 22

Which countries are part of the G7?

Answer 22

Canada, France, Germany, Italy, Japan, UK and US

Question 23

Why was the G20 established?

Answer 23

To give a voice to major developing economies in 1999 who felt the WTO was not fully serving their interests

Question 24

Which countries are part of the G20?

Answer 24

The G7 countries, the EU, BRIC countries as well as Argentina, Australia, Indonesia, Mexico, South Korea, Turkey etc.