Trans-Pacific Partnership: 12 Pacific Rim Nations Reach Deal on Massive Trade Accord Don Lee - The Los Angeles Times
go to original October 5, 2015

Trans-Pacific Partnership (TPP) Explained (AJ+)

After more than six years of stalled progress and political wrangling, negotiators from the U.S. and 11 trading partners across the Pacific Rim reached a deal on a landmark trade accord linking 40% of the global economy.

The agreement on the Trans-Pacific Partnership clears the way for what would be the world's largest regional trade pact.

The accord would break down tariffs on thousands of goods and establish uniform rules of commerce. It was expected to be announced Monday morning after extended talks in Atlanta that were marked by repeated delays and last-minute hitches. Officials worked feverishly over the past five days to overcome sharp differences on drug patents, dairy markets and auto manufacturing rules.

The breakthrough on the controversial deal represents a significant victory for President Obama in his pursuit of a legacy-making goal to expand America’s influence in the Asia-Pacific region.

It sets the stage for what is almost certain to be a huge political battle, intensified by the 2016 presidential campaign, that pits the White House, many Republicans and supporters of free trade against organized labor, civic groups and many lawmakers from Obama's own party, who fear the deal will hurt workers and the environment.

Read the rest at The Los Angeles Times

Related: Pacific Trade Deal Shows Latin America’s New Ideological Divide (Washington Post)

Related: There's a Big Issue with Obama's TPP Deal That's Being Ignored (Equities.com)

Related: From Cars to Cough Medicine: Why the Trans-Pacific Partnership Matters to You (The Guardian)

Related: Bernie Sanders Calls Agreement of Trans-Pacific Partnership ‘Disastrous’ (Observer)

Related: TPP or Not TPP? What's the Trans-Pacific Partnership and Should We Support It? (The Guardian)

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