A trade deal with a bonus for national security

Posted by on Mar 8, 2015 in Trade | No Comments

U.S. officials hosted trade negotiators from 11 nations spanning Asia and the Americas in Hawaii to work toward completing what could be the most significant trade deal in a generation. Five years in the making, the Trans-Pacific Partnership (TPP) would cover 40% of global gross domestic product and a third of world trade. Any such deal ultimately will have to make it through the U.S. Congress. In order to prevent lawmakers from amending the agreement and undoing years of international negotiations, Congress will first have to provide President Obama with trade promotion authority, also known as “fast-track,” that allows a yes-or-no vote on the package. This is the time for advocates on both sides to move beyond the usual economic arguments and consider the extraordinary geopolitical stakes involved. Not every trade agreement puts America’s prestige, influence and leadership on the line, but the TPP does.
Read More: Wall Street Journal