Trans-Pacific Partnership trade deal is reached

New York Times

6 October 2015 - The United States, Japan and 10 other Pacific Rim nations on Monday reached final agreement on the largest regional trade accord in history, teeing up what could be the toughest fight President Obama will face in his final year in office: securing approval from Congress.

The conclusion of the Trans-Pacific Partnership, after years of negotiations and a series of sleepless nights here, was merely “an important first step,” conceded Michael B. Froman, the United States trade representative, as he and other weary officials announced their accord.

Now the deal faces months of scrutiny in Congress, where some bipartisan opposition was immediate. That debate will unfurl against the backdrop of a presidential campaign in which populist anti-trade talk against the deal is already prominent.

For more details, go to: http://www.nytimes.com/2015/10/06/business/trans-pacific-partnership-trade-deal-is-reached.html?emc=edit_th_20151006&nl=todaysheadlines&nlid=20088616&_r=0

Michael Wonder

Posted by:

Michael Wonder