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The Obama Administration is wisely moving forward with a landmark trade agreement called the Trans-Pacific Partnership (TPP). Ideally, it will increase regional economic integration between the U.S. and eight other Asia-Pacific nations. But in a new report, Gold-Standard or WTO-Lite? Shaping the Trans-Pacific Partnership, ITIF questions whether the TPP will truly raise the bar for fair, market-based trade or allow the continuation of rampant mercantilist practices such as intellectual property theft, non-tariff barriers, discriminatory government procurement practices and other practices that have hurt U.S. economic growth and invited skepticism of global trade.
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