Bye Buy America and Jobs
Under TPP, Buy America and other buy-local preferences are banned
The TPP’s procurement chapter would require that all firms operating in any signatory country be provided equal access as domestic firms to U.S. government procurement contracts over a certain dollar threshold. To implement this “national treatment” requirement, the U.S. would agree to waive Buy America procurement policies for all of the firms operating in the TPP countries.
Some corporate TPP proponents argue that this is good for America because these rules would apply to all signatory countries, so U.S. firms would be able to bid on procurements contracts in other countries on a national treatment basis. The notion that new access for some U.S. companies to bid on contracts in the TPP countries is a good trade-off for waiving Buy America preferences on U.S. procurement is ridiculous: Taking even the most favorable cut on other countries’ markets, the total U.S. procurement market is more than seven times the size of the combined procurement market of the current TPP negotiating parties: Australia, Brunei, Chile, Malaysia, New Zealand, Peru, Singapore, and Vietnam.