The TPP comprises twelve member countries: Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the United States and Vietnam, as shown on the map below. The TPP will cover 40% of global GDP2 and 33% of world trade. This new agreement demonstrates the PSA Group`s objective of building its future with workers` representatives worldwide and of involving all its employees in its overall personnel policy. The aim is to establish a common basis for respect for fundamental human rights and working practices based on the expression of individual and collective talents. A free trade agreement is a preferential regime in which members reduce tariffs on trade between themselves while maintaining their own tariffs for trade with non-members. Britain has already left the bloc, but has yet to reach an agreement to guarantee ongoing duty-free trade with the EU, a step that has prompted PSA, which owns the Vauxhall brand, to halt investment in Britain. A customs union (UC) is a free trade agreement in which members apply a common external tariff plan (ETC) to imports of non-members. PSA`s Vauxhall plant in Ellesmere Port, England, could be at risk if Britain leaves the EU without a trade deal. Valter Sanches, General Secretary of IndustriALL Global Union, said: “This agreement goes further than ever to protect the rights of workers in PSA Group`s global supply chain and recognises the vital role of unions within the group. This is particularly important now that PSA Group wants to grow. The agreement places international labour standards first when national law is weak and makes respect for fundamental rights a determining factor in the selection of PSA Group suppliers. On 7 March 2017, PSA Group and the IndustriALL Global Union and IndustriAll European Trade Union signed a new comprehensive framework agreement on PSA Group`s social responsibility. Deborah Greenfield, ILO Deputy Director-General for Policy, said: “The ILO welcomes the agreement that strengthens the PSA Group`s commitment to respecting workers` rights.
This is a good example of how social dialogue in the global context can have a positive impact on working conditions. There were also two regional trade agreements, the South Asia Free Trade Agreement (SAFTA, 2004) and the India-India Association of Southeast Asian Nations Agreement (ASEAN, 2010). The agreement has two components: – establish a formal framework for the PSA Group`s social responsibility policy so that it can involve stakeholders and express its labour needs in terms of its value chain, in order to guarantee fundamental rights – and, in addition, implement a comprehensive staff policy that develops talent and skills , quality of life and well-being at work, while respecting diversity and equality. Preferential trade agreements (EPAs) or the Generalized Preference System (GSP) are a special status granted in trade by different countries. In the United States, the goal is to stimulate economic growth in developing countries, and the agreement provides duty-free access for up to 4,800 products from 129 designated countries and territories. The GSP was introduced on January 1, 1976 by the Trade Act of 1974, the U.S. government said. However, the Indian government believes that the plan has expanded since the creation of the World Trade Organization (WTO) in 1994. This agreement is a realization of a relationship of more than ten years between the PSA Group and the global and European industrial unions, bringing together stakeholders and PSA`s social responsibility policy.