Trans-Pacific Partnership: Free and Fair Trade?

Yesterday, President Obama sent a brief message to the White House email list making the case for Congress to pass Trade Promotion Authority. This would enable the President to negotiate the Trans-Pacific Partnership (TPP) and send Congress a trade proposal to adopt or reject, but not amend. The negotiations are taking place in secret–not a first for the self-proclaimed “most transparent administration in history”–and we have to rely on a leaked chapter (on investment) to learn anything about the TPP. The President’s email tries to brand the partnership as a trade agreement but, as Paul Krugman has previously noted, TPP is not “especially important” when it comes to trade.

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