What is the Trans Pacific Partnership (TPP)?

The Trans Pacific Partnership (TPP) is a regional trade agreement between twelve countries in the Asia-Pacific region including the United States, Canada, Mexico, Japan, and Australia. It was created to lower barriers to trade and promote economic growth and development among the countries involved. The TPP was first proposed in 2012 and was signed in 2014, though it was not ratified by the United States Congress until 2016. The agreement greatly expands the free trade zone in the Asia-Pacific region and is expected to create new economic and trading opportunities between the countries involved. The TPP also includes provisions to protect labor rights and the environment, enforce intellectual property laws, and promote responsible practices in the production and trade of goods. It also reduces tariffs on goods and services and implements rules to prevent an unfair advantage between trading partners. In Washington, the TPP is seen as a way to increase global economic competitiveness, foster the growth of small businesses, promote the development of new technologies, create jobs, and generally benefit the economy. As the TPP enters into force and the regional economy evolves, Washington will continue to be closely involved in monitoring trade practices and ensuring that the agreement is effective.

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What is the Trans Pacific Partnership (TPP)?

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