TRANSATLANTIC TRADE AND INVESTMENT PARTNERSHIP
The TPP negotiations took place in a secret process dominated by the giant multinational corporations, and the final agreement is waiting to be approved or rejected by Congress - probably during the "lame duck" session, because that is when members are least likely to be held accountable for their votes.
A free trade agreement (FTA) expands economic opportunity in foreign markets for American workers and businesses, while doing the same for their foreign counterparts in our market. The increased trade improves the overall economy of each country. But, in order to avoid unwanted side effects, modern FTAs do more.
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THE WORLD POST
BEIJING -- The TPP is a trade pact dominated by the United States, which seeks to be the dominant power in writing rules for global trade and investment in this century. Another goal is, via the implementation of the TPP, to create an Asia-Pacific economic sphere that is also dominated by the United States, and to get the U.S. deeply involved in the Asia-Pacific economic integration process.