Border-Community Economies Will Suffer Under TPP teleSUR
go to original August 22, 2016

Opinionated: Why The Trans-Pacific Partnership (TPP) is Bad for Mexico (Latina)

The proposed Trans-Pacific Partnership would have devastating impacts on the local economies of U.S-Mexican border communities, the Texas Fair Trade Coalition (TFTC) warned in a report it presented last week.

In the report titled, “The TPP & the Border Economy,” the authors from the TFTC argued that the TPP agreement couple wipe out Mexican manufacturing industries due to competition with Asian countries that have lower wages and labor standards.

“The jobs that are currently in Mexico’s maquiladoras and automobile factories will be under a great challenge and competition from the low-wage Asian countries that are in the Trans-Pacific Partnership, including Vietnam and Malaysia,” said Bob Cash, director of the Texas Fair Trade Coalition.

The study goes on to note that “given the high level of integration between U.S. border communities’ economies and that of Mexico, this could result in significant economic losses for U.S. border communities.”

The TFTC cites cities such as Juarez and El Paso as being particularly vulnerable to the proposed trade agreement, which would likely grant greater access of Asian products to U.S markets.

Under the proposed agreement, new duty-free access stipulations would undermine and erode the demand for Mexican manufactured goods such as apparel products, electronics and automobiles.

Read the rest at teleSUR

Related: Why Stop the Trans-Pacific Partnership (TPP)? (The Huffington Post)

Related: Is the TPP Falling Apart? Let's Take a Look at Where the 12 Nations Are At (Rabble.ca)

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