MES publishes today the second research in the White Paper Series, an initiative of the Business Development Department meant to bring insightful industry analysis to our stakeholders.
The objective was to assess how and to what extent the Trans-Pacific Partnership will affect the automotive, lighting, heavy machinery and energy equipment industries, the main industries MES serves. We took a step back to look at the intricacies of the global trade agreements, the trade indicators such as tariffs, number of days and documents needed to import and export, container costs, rules of origin compared to NAFTA, trade surplus and deficits of the 12 countries involved etc.
The analysis emphasized the position of the United States, identifies winners and losers and draws conclusions on what we can expect moving forward. Surprisingly, it also shows that China might not be as disadvantaged as it was originally thought from its absence from the negotiation table of the TPP.