TPP Could Raise Overseas Labor Costs For US Employers
Law360, New York (November 6, 2015, 9:31 PM EST) -- The newly released text of the 12-nation Trans-Pacific Partnership agreement calls for a series of labor and employment reforms among member nations that could raise costs for American employers doing business in those nations and potentially bring jobs back to the U.S., attorneys say.
The TPP’s member nations include those that already have a high standard of worker protections and labor rights, such as the U.S., Japan and Canada, but it also includes nations such as Vietnam, Mexico and Malaysia where standards are lower and the costs of doing business have therefore been cheaper.
The Obama administration, when it released the...
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