Trans-Pacific Partnership

Rodney Beeks-Warren

11/30/15

Pol-201-801

Journal Entry TPP

The Trans Pacific Partnership (TPP) biggest beneficiary out of the 12 country deal would be from a country with little to lose and lot to gain. The deal was designed to help least-developed countries grow and blossom their economy. Poor countries like Malaysia and Vietnam have an opportunity to boost their exports by roughly 10% and 30% respectively. As a result Vietnam would benefit more than any other countries in the deal. According to UBS report “the TPP could potentially boost Vietnam’s economy by 14% over the next five years. Vietnam a country of 93 million citizens with youthful energy, with half of its tech-savvy populations is under 30. Vietnam manufacturing wages are 60% of china’s, is why the reason why Samsung makes half of cell phone here. Roughly 20% of Vietnam gross domestic product (GDP) is credited to foreign investment that will rise even higher. Foreign direct investment is up a stunning 53%, most of it going toward manufacturing sector. Vietnam also has the lowest (GDP) per capita among countries in TPP deal. Vietnam will be the manufacturing home for industries that require low-wage labor to remain competitive. Industry that need cheap wages for example apparel, footwear and textiles would greatly benefit from the deal. According to the Erusia Group “estimates that footwear and apparel exports will see a 50% boost over the next 10 years due to the trade deal”. Progress has already been made within Vietnam has already made great gains in footwear and garment manufacturing