What is the Trans Pacific Partnership (TPP)?

The Trans Pacific Partnership (TPP) was an international trade agreement between the United States, Canada, and 10 countries in the Asia Pacific region. The goal of the TPP was to reduce trade barriers among these countries, and to promote economic growth and development. The TPP eliminated or reduced tariffs on a wide range of products, including automotive, apparel, textiles, agricultural products and digital products. It also established new rules and regulations on things like labor rights, intellectual property, the environment, and state-owned enterprises. In California, the TPP would have likely had many positive economic effects. Some experts argued that the TPP could have boosted U.S. agricultural exports to the Asia Pacific region. It could have also enabled California companies to access new markets, and created jobs in the state. However, the TPP was never ratified. President Trump pulled the United States out of the agreement in 2017, and the remaining 11 countries could not reach an agreement. As of now, the TPP is a defunct agreement. In its place, the United States, Canada, and Mexico have signed the United States-Mexico-Canada Agreement, which is a different free trade agreement.

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What is the Trans Pacific Partnership (TPP)?

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