Blog Posts: Cameron H. Martin

Cameron H. Martin

How Can Obama Get Congressional Approval for the TPP? Make Them Take It or Leave It

One of President Obama’s primary foreign policy objectives is to complete and sign the Trans-Pacific Partnership (TPP), a free trade agreement between the United States and eleven other countries, many of which are located in Asia. This massive trade agreement will govern approximately 40% of the United States’ imports and exports, while the U.S.’s partners in the agreement make up 40% of the world’s GDP and 26% of the world’s trade.

The TPP is expected to eliminate tariffs on goods and services, remove many non-tariff barriers, and synchronize regulations. Many U.S. proponents of the agreement are seeking greater intellectual property protections, rules on food safety, and animal and plant health regulations. Additionally, U.S. automakers are lobbying for a currency provision that protects local manufacturers from foreign producers who they claim take advantage of intentionally undervalued currency.

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No Comments | Posted by Cameron H. Martin on Wed. February 5, 2014 8:00 AM
Categories: Free Trade

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