What is the Trans-Pacific Partnership (TPP)?

The Trans-Pacific Partnership (TPP) is a proposed international trade agreement between 12 nations located in the Asia-Pacific region, including the United States, Japan, Canada, Australia, Brunei, Chile, Malaysia, Mexico, New Zealand, Peru, Singapore, and Vietnam. The TPP seeks to promote economic growth, eliminate trade barriers and expand markets for goods and services between these countries. The TPP would create a new, open trading framework that would strengthen the global economy, especially in countries with weaker economies where the potential for economic growth is greater. It would also set higher standards for environmental, labor and intellectual property protection, as well as dispute settlement, to ensure fair and equitable trade. In addition, it would make it easier for business and investors to do business across borders, encouraging economic growth and job creation. In the United States, the TPP is also seen as an opportunity to establish a market linkage among the participating countries, providing greater access to global markets and reducing costs for American businesses. In Washington, the TPP is being viewed as an opportunity to further expand trade opportunities in the region and increase jobs and economic growth as part of an overall trade strategy.

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What is the Trans-Pacific Partnership (TPP)?

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